Yahoo Data Breach Settlement
A Class Action Settlement has been proposed in litigation against Yahoo and Aabaco Small Business. The lawsuit relates to data breaches occurring in 2013 through 2016, as well as to data security intrusions occurring from, at least, January to April 2012.
If you received a notice about the Data Breaches, or if you had a Yahoo account at any time between January 1, 2012 and December 31, 2016 and are a resident of the United States or Israel, you are a member of this Yahoo Data Breach settlement.
Under the terms of the Settlement, Yahoo will enhance its business practices that will improve the security of its users’ personal information stored on its databases. It will also pay for a Settlement Fund of $117,500,000. The Settlement Fund will provide a minimum of two years of Credit Monitoring Services to protect Settlement Class Members from future harm, or an alternative cash payment for those who verify they already have credit monitoring or identity protection. The Settlement Fund will also provide cash payments to those who have demonstrated out-of-pocket losses, including loss of time, as well as payments to Yahoo users who paid for advertisement free or premium Yahoo Mail services and those who paid for Aabaco Small Business services, which included business email services.
How Much Do You get?
If you already have a credit monitoring service, you may submit a claim for cash payment. You can get $100.00 or more. But, you must show proof of having a credit monitoring service. Cash payment may be less than $100.00 or more (up to $358.80). That depends on how many Settlement Class Members participate in the Settlement.
If you have out-of-pocket losses you may receive more. You need to provide documentation or proof to receive reimbursement of up to $25,000.00. That includes lost time that you believe you suffered or are suffering because of the Data Breaches. You can receive payment for up to fifteen hours of time at an hourly rate of $25.00 per hour.