Yahoo to pay $50M, other costs for massive security breach

U.S. & World
Yahoo Breach_194555

FILE – This Jan. 14, 2015 file photo shows Yahoo’s headquarters in Sunnyvale, Calif. As investors and investigators weigh the damage of Yahoo’s massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open locks up and down the web. While it’s unknown to […]

SAN FRANCISCO (AP) — Yahoo has agreed to pay $50 million in damages and provide two years of free credit-monitoring services to about 200 million people in the U.S. and Israel whose email addresses and other personal information were stolen as part of the biggest security breach in history.

The restitution hinges on federal court approval of a settlement filed late Monday in a 2-year-old lawsuit seeking to hold Yahoo accountable for digital burglaries that occurred in 2013 and 2014, but weren’t disclosed until 2016.

About 3 billion Yahoo accounts were hit by hackers that included some linked to Russia by the FBI . The settlement reached in a San Francisco court covers about 1 billion of those accounts held by an estimated 200 million people.

Yahoo is now owned by Verizon Communications.
 

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