Technology

Yahoo Reaches Data Breach Settlement

More than 3 billion Yahoo account holders were affected by the data hacks, which occurred between 2012 and 2016. And a $117.5 million settlement has been proposed.

Remember the massive Yahoo data breaches? More than 3 billion Yahoo account holders were affected by the data hacks, which occurred between 2012 and 2016 and are believed to be the largest breaches to date. Now a settlement is finally at hand. Yahoo, which is now part of Verizon Communications, has proposed a $117.5 million settlement.

If you received a notice that your account was compromised, or you simply had a Yahoo account between January 1, 2012, and December 31, 2016, you may be eligible for two years of free credit monitoring or a payment of $100 if you’ve already signed up for a credit-monitoring service. You can also apply for reimbursement if you spent money on a credit freeze (which is now free but wasn’t at the time of the breach) or incurred other expenses associated with ID theft, such as attorney’s fees. Be prepared to document those costs, says Charity Lacey, of the Identity Theft Resource Center.

The deadline to file a claim is July 20, 2020. If you want to reserve the right to sue Yahoo individually, the deadline to exclude yourself from the settlement is March 6. This is not a case in which filing early will increase your shot at compensation (as with the Equifax deal), so take all the time you need to gather supporting documents, Lacey says. The more documents you provide, the better your chances of receiving compensation. For more information, go to yahoodatabreachsettlement.com.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
How to Know When You Can Retire
retirement

How to Know When You Can Retire

You’ve scrimped and saved, but are you really ready to retire? Here are some helpful calculations that could help you decide whether you can actually …
January 5, 2022
The 10 Best Closed-End Funds (CEFs) for 2022
CEFs

The 10 Best Closed-End Funds (CEFs) for 2022

These high-yielding CEFs won't just significantly boost your portfolio income. They'll also allow you to buy their underlying stocks and bonds at a di…
January 12, 2022

Recommended

What Is the Metaverse (And How Can I Invest?)
Technology

What Is the Metaverse (And How Can I Invest?)

Metaverses have actually been around in some form for decades. Facebook and others will try to bring the technology into the world’s everyday lives.
January 7, 2022
Most-Overlooked Tax Deductions and Credits for the Self-Employed
Tax Breaks

Most-Overlooked Tax Deductions and Credits for the Self-Employed

If you've recently gone into business for yourself, see how the tax laws can work for you.
December 21, 2021
3 Cybersecurity Stocks to Buy for Under $100
stocks to buy

3 Cybersecurity Stocks to Buy for Under $100

Cybersecurity stocks are a popular long-term growth bet, but many of them carry hefty price tags in triple digits. Here are three affordable picks wor…
December 2, 2021
How to Choose the Right Payment App
banking

How to Choose the Right Payment App

Using PayPal, Venmo, Zelle and other apps is convenient, but there are pros and cons to each.
November 23, 2021