Following the mega-hack in 2013, web service provider Yahoo has reached an agreement where they will pay $50m in damages to 200 million people affected by the security breach. The breach affected a total of three billion accounts.
This mega-hack allowed cyber criminals to gain access to a users’ personal information including names, email addresses, dates of birth, phone numbers and hashed passwords.
Yahoo has been criticized for
The two companies who will equally foot the bill are Oath, the subsidiary that owns Yahoo, and Altaba, the unpurchased portion of Yahoo that was renamed following the sale. Yahoo will cover an estimated $35 million in legal costs and fund two years of credit monitoring to US customers impacted by the mega-hack.
Affected Premium members will be able to claim a 25 percent refund on
The US suspect the hackers are state-sponsored and have linked several of them to Russia.