Yahoo data breach settlement means affected users may get $100
On Wednesday, Yahoo emailed out to their users saying they were nearing a $117.5 million settlement that would end a massive class-action lawsuit related to a devastating series of data breaches and intrusions from 2012 to 2016.
In 2017, Yahoo admitted that all 3 billion of their user accounts were broken into in August 2013. In their email on Wednesday, Yahoo also says the company was hacked to varying degrees in 2012, 2014, 2015 and 2016.
Yahoo is now offering two free years of credit-monitoring services to those with accounts that were affected by any of the breaches. If you already have a credit-monitoring service, you can ask Yahoo to give you $100.
Unfortunately, the $117.5 million settlement is a set amount so how much money you get depends on how many people opt for the money instead of the credit-monitoring service. Yahoo admitted, on the claim website and not in the email, that what users get monetarily “may be less than $100 or more (up to $358.80) depending on how many Settlement Class Members participate in the settlement.”