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.
