Top

Yahoo agrees to pay $50 million to customers affected by biggest security breach in history

October 24, 2018

Category:

The now-defunct Yahoo has reached a $50 million settlement with 200 million U.S. residents whose personal data was stolen in the biggest known data breach in history. Customers will also get two years’ worth of free credit monitoring.

Hackers compromised some 3 billion Yahoo accounts between 2013 and 2014, a blunder so massive that one could compare it to the sinking of the Titanic. The breach not only marked the end of Yahoo as an independent company, but it also shaved hundreds of millions off the sale price to telecommunications giant Verizon.

“The settlement reached in federal court in San Jose covers about 1 billion of those accounts held by an estimated 200 million people in the U.S. and Israel from 2012 through 2016,” SF Gate reports.

Read More on Hot for Security