Details about the Yahoo data breach settlement are in and that includes how to claim compensation for the hack.
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Here’s what Yahoo users need to know about the settlement.
- The settlement will have the company paying up to $358.80 to users that took out credit monitoring services following the lawsuit.
- However, this value can decrease depending on how many people files claims in the Yahoo data breach settlement.
- The website for the lawsuit claims that this could drop to below $100 due to this.
- There’s also the ability to collect up to $25,000 for some users.
- However, these users will have to provide documentation showing loss for this total amount.
- That can include lost time, as well as other out-of-pocket losses.
- When it comes to lost time, users can claim up to fifteen hours of time at an hourly rate of $25.00 per hour or unpaid time off work at the user’s hourly rate, whichever is greater.
- Users without documentation can claim up to five hours of lost time at those same rates.
- The total amount in the settlement fund is $117.50 million.
- This settlement covers data breaches that occurred between Jan. 1, 2012 and Dec. 31, 2016.
- Users must be a resident of the U.S. or Israel to take make a claim.
- Anyone looking to file a claim in the Yahoo data breach settlement has until July 20, 2020 to do so.
You can learn more about the Yahoo data breach settlement by
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As of this writing, William White did not hold a position in any of the aforementioned securities.
