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Technology How to get up to $358 in the Yahoo data breach settlement

21:40  15 october  2019
21:40  15 october  2019 Source:   cbsnews.com

Yahoo might owe you $358 or more as part of their data breach settlement

  Yahoo might owe you $358 or more as part of their data breach settlement That email they sent you is legit. If you had a Yahoo account between 2012 and 2016, you could be eligible for a settlement claim as the result of a data hack.The breaches ranged in scope from two in 2012 where Yahoo said no data was taken, to a 2013 breach where hackers were able to gain access to all of the more than 3 billion Yahoo accounts and steal names, email addresses, telephone numbers, birth dates, passwords and answers to security questions.

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  • People who had a Yahoo account at any time between January 1, 2012, and December 31, 2016, are eligible for the financial settlement.
  • The $117.5 million settlement will provide at least two years of free credit monitoring, or a cash payment for those who can verify they already have credit monitoring or identity protection.
  • Yet how much money consumers ultimately receive will depend on how many people file claims.

People who had a Yahoo account sometime between 2012 and 2016 may now file a claim as part of the portal's $117.5 million settlement for a series of data breaches in recent years that compromised users' personal information.

Yahoo may owe you $358 or more as part of its data breach settlement

  Yahoo may owe you $358 or more as part of its data breach settlement That email Yahoo sent you is legit. If you had a Yahoo account between 2012 and 2016, you could be eligible for a settlement claim as the result of a data hack.The breaches ranged in scope from two in 2012 where Yahoo said no data was taken, to a 2013 breach where hackers were able to gain access to all of the more than 3 billion Yahoo accounts and steal names, email addresses, telephone numbers, birth dates, passwords and answers to security questions.

Yahoo users may receive up to $358 in cash or free credit monitoring, according to the settlement website. However, that amount isn't guaranteed — it depends on how many people end up filing claims.

That's similar to this year's Equifax breach settlement, which dangled a cash payment of $125 to those who had been affected by its massive privacy breach. But the $125 payment was based on a relatively small number of claims, and that amount could be reduced if more people signed up than expected.

Also like the Equifax settlement, Yahoo users must prove they already have credit monitoring or identity protection services to qualify for the cash payment. And you'll need to verify you'll keep the credit monitoring for at least a year. The cash payment, pegged at $100, could be significantly lower or up to $358, depending on how many people make claims.

Yahoo could owe you $358 or more as part of its data breach settlement

  Yahoo could owe you $358 or more as part of its data breach settlement That email Yahoo sent you is legit. If you had a Yahoo account between 2012 and 2016, you could be eligible for a settlement claim as the result of a data hack.The breaches ranged in scope from two in 2012 where Yahoo said no data was taken, to a 2013 breach where hackers were able to gain access to all of the more than 3 billion Yahoo accounts and steal names, email addresses, telephone numbers, birth dates, passwords and answers to security questions.

"Nobody can know in advance how much the payment will be," the settlement site notes.

Out-of-pocket costs

The federal settlement stems from a number of data thefts at Yahoo between 2013 and 2014 that affected some 3 billion accounts. The money will be paid by Yahoo's current owner, Verizon, and Alibaba, a holdover from Yahoo's past.

The settlement also offers cash for people who can demonstrate out-of-pocket losses, such as any time required to deal with the impact of the breaches, and to cover payments from Yahoo users who paid for premium services like email and business services.

"If you spent time or money to address fraud or identity theft that you believe was caused by the data breaches, or to protect yourself from future harm, then you may make a claim for reimbursement," the Yahoo settlement site notes. "Each individual or small business user claim for out-of-pocket costs may not exceed $25,000."

The deadline to file for the Yahoo data breach is July 20, 2020.

Yahoo data breach: How to file for $358 or more as part of settlement .
That email Yahoo sent you is legit. If you had a Yahoo account between 2012 and 2016, you could be eligible for a settlement claim as the result of a data hack.The breaches ranged in scope from two in 2012 where Yahoo said no data was taken, to a 2013 breach where hackers were able to gain access to all of the more than 3 billion Yahoo accounts and steal names, email addresses, telephone numbers, birth dates, passwords and answers to security questions.

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