Category Archives: Yahoo

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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