Advertisement

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.

Advertisement

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.

Advertisement
Advertisement
Relay Media Amp

One Rescued from Burning Ashland Home

Fire Destroys House West of Cook

Ex-Wisconsin Football Player Formally Charged in 2 Killings

From Pictures to Portraits: Wild State Cider Hosts "Paint Your Pet Class"

Finnish Community Celebrates Kalevala Day

Iron County Sheriff's Office Reports Fatal Snowmobile Crash

Advertisement
Advertisement
Advertisement