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Yahoo! Inc. Data Breach Litigation Settlement

If you had a Yahoo account any time between 2012 and 2016, you can now take part in a class action settlement to compensate you for losses. Over several years, hackers were able to gain access to Yahoo user accounts, and steal personal data.

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.

This month, Yahoo announced that if you had an account any time between Jan.1, 2012, and Dec. 31, 2016, and are a resident of the US, you are part of the settlement class and can file a claim for part of the $117,500,000 settlement fund. You can contact the settlement administrator if you want to confirm you can take part in the settlement.

The settlement provides a range of benefits to compensate those whose data was compromised in a hack. You can submit claims for money and credit monitoring:

At least two years of credit monitoring services provided by AllClearID. The service includes identity theft monitoring, up to $1 million in theft insurance and identity recovery assistant.

A cash payment if you already have credit monitoring and protection services. Yahoo said the payment could range from less that $100 to a max of $358.80, depending on funds available after other benefit payouts.

Cash reimbursement up to $25,000 to cover out-of-pocket costs to address fraud and identity theft as a result of a breach. You can also file a claim to be compensated for up to 15 hours of your time spent recovering from a breach.

A refund up to 25 percent of the amount you paid for a premium Yahoo account.

A refund up to 25 percent of the amount you paid for a Yahoo Small Business User email service, with a cap of $500 a year.

Click to contact the settlement administration.

Category: Consumer Tips
Posted on October 9, 2019 at 08:17 AM | Permalink | Comments (0)