Yahoo has more than doubled its proposed data breach
settlement payout to $117.5 million after having a smaller amount rejected by a
California judge in January.
The original $50 million amount was rejected by U.S.
District Judge Lucy Koh who said she couldn’t declare the settlement
“fundamentally fair, adequate and reasonable” because it did not say how much
victims could expect to recover, according to court documents. The settlement
would cover at least $55 million for victims’ out-of-pocket expenses and other
costs, $24 million for two years of credit monitoring, up to $30 million for
legal fees, and up to $8.5 million for other expenses, Reuters
The amount would be used to settle a class action suit
brought to compensate the estimated 194 million victims impacted by the data
breach that saw almost one billion email addresses compromised during the 2016
Please register to continue.
Already registered? Log in.
Once you register, you’ll receive:
The context and insight you need to stay abreast of the most important developments in cybersecurity. CISO and practitioner perspectives; strategy and tactics; solutions and innovation; policy and regulation.
Unlimited access to nearly 20 years of SC Media industry analysis and news-you-can-use.
SC Media’s essential morning briefing for cybersecurity professionals.
One-click access to our extensive program of virtual events, with convenient calendar reminders and ability to earn CISSP credits.