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Yahoo to Pay $117.5M in Latest Settlement of Massive Breach

Yahoo to Pay $117.5M in Latest Settlement of Massive Breach Photo: via ABC

Created: April 10, 2019 07:39 PM

SAN FRANCISCO (AP) - Nearly 200 million people who had sensitive information snatched from their Yahoo accounts will receive two years of free credit-monitoring services and other potential restitution in a legal settlement valued at $117.5 million.

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The deal disclosed in documents filed Tuesday revises an earlier agreement that was rejected by U.S. District Court Judge Lucy Koh. The value of that settlement had been pegged at $50 million, but Koh questioned the calculations.

A more detailed breakdown used in the revised settlement drove up the estimated cost. The money will be paid by Yahoo's current owner, Verizon, and Altaba, a holdover from Yahoo's past.

If approved, the settlement will become part of the financial fallout from digital burglaries that stole personal information from about 3 billion Yahoo accounts in 2013 and 2014.

Copyright 2019 The Associated Press. All rights reserved.

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