New York – Yahoo To Pay $50M, Other Costs For Massive Security Breach

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     (FILE) - A person looks at a computer screen with Yahoo!'s homepage in Los Angeles, California, USA, 04 September 2013. EPANew York – Yahoo has agreed to pay $50 million in damages and provide two years of free credit-monitoring services to about 200 million people in the U.S. and Israel whose email addresses and other personal information were stolen as part of the biggest security breach in history.

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    The restitution hinges on federal court approval of a settlement filed late Monday in a 2-year-old lawsuit seeking to hold Yahoo accountable for digital burglaries that occurred in 2013 and 2014, but weren’t disclosed until 2016.

    About 3 billion Yahoo accounts were hit by hackers that included some linked to Russia by the FBI . The settlement reached in a San Francisco court covers about 1 billion of those accounts held by an estimated 200 million people.

    Yahoo is now owned by Verizon Communications.


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