Yahoo tries again to settle lawsuit over massive data breach. This time it offers $118 million

 

[text_block id=”8471460c2e30c42500b461b9b49637fb” content=”‹¨›div class‹´›‹²›el__leafmedia el__leafmedia–sourced-paragraph‹²›‹˜›‹¨›p class‹´›‹²›zn-body__paragraph speakable‹²›‹˜›‹¨›strong‹˜›‹¨›cite class‹´›‹²›el-editorial-source‹²›‹˜›New York (CNN Business) ‹¨›/cite‹˜›‹¨›/strong‹˜›Yahoo could pay $117.5 million to settle massive data breaches that compromised personal information, including email addresses and passwords.‹¨›/p‹˜›‹¨›/div‹˜›‹¨›div class‹´›‹²›zn-body__paragraph speakable‹²›‹˜›The proposed settlement was announced on Tuesday but still needs to be approved by US District Judge Lucy Koh.‹¨›/div‹˜›‹¨›div class‹´›‹²›zn-body__paragraph speakable‹²›‹˜›Earlier this year, a different version of the class-action settlement was rejected by Koh, who wanted to see more benefit to consumers and a specific settlement amount.‹¨›/div‹˜›‹¨›div‹˜›‹¨›/div‹˜›‹¨›div‹˜›‹¨›div class‹´›‹²›zn-body__paragraph‹²›‹˜›Yahoo was hit by multiple data breaches from 2013 to 2016. The‹¯›nbsp;‹¨›a href‹´›‹²›https://money.cnn.com/2017/10/03/technology/business/yahoo-breach-3-billion-accounts/index.html‹²› target‹´›‹²›_blank‹²› rel‹´›‹²›noopener‹²›‹˜›2013 breach‹¨›/a‹˜›‹¯›nbsp;affected every single customer account that existed at the time, which totalled 3 billion. Yahoo previously said names, email addresses and passwords were compromised but not financial information.‹¨›/div‹˜›‹¨›div class‹´›‹²›zn-body__paragraph‹²›‹˜›In 2016, Verizon‹¯›nbsp;‹¨›a href‹´›‹²›https://money.cnn.com/2017/06/13/technology/business/yahoo-verizon-deal-closes/index.html‹²› target‹´›‹²›_blank‹²› rel‹´›‹²›noopener‹²›‹˜›acquired‹¯›nbsp;‹¨›/a‹˜›Yahoo for $4.48 billion. The following year, Yahoo and AOL‹¯›nbsp;‹¨›a href‹´›‹²›https://money.cnn.com/2017/04/03/technology/verizon-yahoo-aol-oath/index.html‹²› target‹´›‹²›_blank‹²› rel‹´›‹²›noopener‹²›‹˜›formed‹¨›/a‹˜›‹¯›nbsp;a new company under Verizon called Oath. It has since been rebranded to Verizon Media.‹¨›/div‹˜›‹¨›/div‹˜›‹¨›div‹˜›‹¨›/div‹˜›‹¨›div‹˜›‹¨›a href‹´›‹²›https://edition.cnn.com/2019/04/09/tech/yahoo-data-breach-settlement/‹²› target‹´›‹²›_blank‹²› rel‹´›‹²›noopener‹²›‹˜›Read the full piece on CNN Business.‹¨›/a‹˜›‹¨›/div‹˜›‹¨›div‹˜›‹¨›/div‹˜›‹¨›div‹˜›#Yahoo, #Data, #Breach, #Fines, #legal, #GDPR #Privacy #DPC‹¨›/div‹˜›” paragraph_whitespace=”true” text_size=”” line_height=”” text_color=”” margin=”0px 0px 15px 0px” class=”” __fw_editor_shortcodes_id=”494ede159aadff9919134a2fd63f2357″ _fw_coder=”aggressive”][/text_block]