September 30, 2020

Yahoo must pay $50 million in compensation for the largest security breach in history

1 min read
Yahoo has agreed to pay $50 million in damages and provide two years of free credit monitoring to approximately 200 million users in the US and Israel. Previously, these users’ email addresses and other personal information were stolen in the largest security breach in history.

Yahoo scans user email content
The above compensation will not take effect until the federal court approves the settlement agreement submitted on Monday. The settlement agreement was reached in a two-year lawsuit that the plaintiff asked Yahoo to take between 2013 and 2014. The theft was responsible, and the company did not disclose information about the theft of user data until 2016.
In this burglary, about 3 billion Yahoo accounts were stolen by hackers, including some hackers associated with Russia. The settlement was reached in a court in San Francisco, covering 1 billion accounts owned by approximately 200 million users.

You can read the settlement here.