Yahoo agreed to pay a $50 million settlement and provide two years of credit monitoring services to 200 million people whose information was compromised in the 2013-2014 breach.The incident wasn’t reported until 2016 and Yahoo has agreed to pay a portion of the settlement to compensate account holders with issues arising from the breach at a rate of $25 per hour for time spent dealing with issues arising from the incident, according to the San Francisco Gate.
Those with documented losses can ask for up to $375 while those who can’t can file claims seeking up to five hours’ worth of compensation for time spent dealing with the breach. Account holders who paid between $20 and $50 annually for a premium email account will be eligible for a 25 percent refund.
In addition to the settlement, Altaba Inc., a company set up to hold Yahoo’s investments in Asian companies and other assets, has already paid a $35 million fine to the Securities and Exchange Commission for the delay in disclosing the breach.
The individual behind the 2023 data breach at Star Health and Allied Insurance Company, identified by the alias "xenZen," has claimed responsibility for sending death threats and ammunition to the companys top executives, Reuters reports.
A massive data breach at HR and benefits firm VeriSource Services compromised the personal information of around 4 million people, but it took over a year for the full scope to be disclosed and victims properly notified, The 420 reports.
TechCrunch reports that Insight Partners a venture capital firm with over $90 billion in regulated assets under management has confirmed the compromise of data belonging to an unspecified number of individuals as a result of a January cyberattack.
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