Yahoo to pay up to $85m to settle data breach lawsuit

Yahoo, Inc. has agreed to pay up to $85 million, including $50 million for a fund to reimburse consumers’ claims, to settle class action lawsuits tied to the company’s massive data breaches. The settlement, filed in federal court Monday in California, is one of the largest data breach settlements in U.S. history. Yahoo revealed in 2016 that the company had suffered two massive breaches in 2013 and 2014. When one breach was revealed in December, the company stated that over 1 billion user accounts were impacted. The company later revised that number, saying all 3 billion of Yahoo’s users were affected. The other hack, disclosed in September 2016, hit over 500 million users. The company discovered it internally in 2014, but did not disclose the incident for two years. In addition to the fund, the company has agreed to provide credit monitoring and identity theft protection to participants of the suit, as well as up to […]

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‘I Could Ruin Your Business Right Now’: Listen to a SIM-Jacking, Account-Stealing Ransom

Jared Goetz’s credit card was fraudulently charged, his phone cut-off, and his email account hacked. But in an extraordinary phone call, Goetz managed to talk the hacker down, and get his digital life back. Continue reading ‘I Could Ruin Your Business Right Now’: Listen to a SIM-Jacking, Account-Stealing Ransom

The Cybersecurity World Is Debating WTF Is Going on With Bloomberg’s Chinese Microchip Stories

No one is really sure who to believe after Businessweek’s bombshell story on an alleged Chinese supply chain attack against Apple, Amazon, and others. Continue reading The Cybersecurity World Is Debating WTF Is Going on With Bloomberg’s Chinese Microchip Stories

Verizon is Offering Buyout Packages To as Many as 44,000 Management Employees, Potentially Eliminating More Than a Fourth of Its Workforce

Verizon Communications is offering buyout packages to as many as 44,000 management employees as part of a cost-cutting drive, potentially eliminating more than a fourth of its workforce. From a report: The offer, which excludes executives in sales or c… Continue reading Verizon is Offering Buyout Packages To as Many as 44,000 Management Employees, Potentially Eliminating More Than a Fourth of Its Workforce