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Yahoo Agrees to Pay $117.5 Million Over Data Breaches

"Web" of internet giants like Yahoo, Google, Facebook, etc.

Following a series of data breaches that exposed the personal information from more than three billion user accounts, Yahoo has announced a $117,500,000 settlement that compensates class action members for their losses.

Any United States (or Israeli) resident who had a Yahoo account at any time between January 1, 2012 and December 31, 2016 is considered a part of the settlement class and can file a claim for part of the settlement fund.

Depending on how Yahoo’s massive data breach affected you and your personal data, there are a range of benefits built into the settlement that are designed to compensate class members whose data was compromised in the hacks. Once you confirm that you can take part in the settlement, you can submit the following applicable claims:

  • At least 2 years of credit monitoring through AllClearID
  • If you already have credit monitoring and protection services, Yahoo will pay out anywhere from less than $100 to a maximum of $358.80 cash
  • Cash reimbursement up to $25,000 to cover out-of-pocket address fraud and identity theft costs
  • A 25% refund for a premium Yahoo account
  • A refund up to 25% of a Yahoo Small Business User account, with a cap of $500 per year

The settlement is expected to be finalized on April 2, 2020. All claim forms need to be submitted by July 20, 2020—either online or via postmarked mail.

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