Do You Yahoo?
You Can Claim $100 Cash from Data Breach Settlement
If you had a Yahoo account from 2012 – 2016, you were probably affected by one of its many huge security breaches. Now, with a class action proposed settlement in place, it’s time for them to pay you.
In case you weren’t aware, Yahoo (now owned by Verizon) experienced a number of data breaches in the 2010s, exposing sensitive information of its users.
In 2013, Yahoo experienced an intrusion in their servers, which they state were likely from a state-sponsored hacker, and estimated that 1 million users accounts were compromised.
In 2014, their servers were hacked again, compromising personal information from 500 million user accounts.
In 2015 and 2016, they once again suffered data breaches, compromising an additional 32 million user accounts.
These incidents were not made public until September 2016, when Yahoo admitted the 2014 data breach of 500 million accounts.
However, two months later, in November 2016, they announced the data breach from 2013, and as it turns out, it wasn’t just 1 million user accounts that were compromised, but actually 1 BILLION!
To top it all off, in March 2017, Yahoo revised its estimate for affected users to 3 BILLION, or basically, every single Yahoo account that existed…Wow.
A class action suit was filed against Yahoo, and it was originally set at $50 million dollars.
Last April, Northern District of California judge Lucy Koh, given the impact of the data breach, ruled that the original $50 million suit was unreasonable and unfair, and raised it to $117.5 million.
This lawsuit has reached a proposed settlement, and if you haven’t already done so, then now is the time to file your claim. Don’t miss out on a chance to get up to $100 in cold, hard cash.
What Part of the Yahoo Settlement Can I Claim?
Any U.S. resident who had a Yahoo account between Jan. 1, 2012 and Dec. 31, 2016 is eligible to submit a claim.
You have the option to receive two years of free credit monitoring through AllClear ID or, if you show that you already have a credit monitoring service, you can receive an alternative compensation of up to $100 in cash. If a low number of people file claims in this settlement, that amount could go up to $358.80 or more.
You can also claim an additional compensation award for any out-of-pocket costs tied to these breaches.
Users that document specific losses suffered as a result of the Yahoo hacks can receive reimbursement up to $25,000.
This includes up to 15 hours of time billed at $25 per hour or your hourly work rate (whichever is greater) if you can show that you missed time at work.
But even if you can’t prove that you spent time dealing with the effects of the data breaches, you can still claim payment for up to five hours of lost time at $25 per hour or your hourly work rate if it is higher.
You are also eligible to file claims for both the credit monitoring/alternative compensation settlement and out-of-pocket costs.
How Do I Claim My Yahoo Data Breach Settlement?
There are three ways Yahoo users who were affected by the breaches can claim their settlement:
- Fill out a form on the settlement website here
- Email them at [email protected] to have a form sent to you
- Call 1-844-702-2788 to have a form mailed to you.
The settlement is being finalized at a hearing on April 9, 2020.
The deadline for filing your claim is July 20, 2020.