If you got an email about the $117.5 million Yahoo data breach settlement, here are your options

If you’ve received an email from Yahoo in recent weeks alerting you to a data breach settlement, now is the time to pay attention and take action.

As part of a proposed class action settlement, Yahoo — now part of Verizon — agreed to pay $117.5 million to settle claims that it failed to properly protect and respond to five data breaches that occurred from early 2012 through 2016 and affected up to 3 billion users worldwide.

Any U.S. resident who had a Yahoo account between January 1, 2012 and December 31, 2016 is eligible to join the class, which is expected to include 194 million people in the U.S. and Israel, or roughly 896 million accounts.

Under the terms of the settlement, affected consumers or small business could potentially get up to $25,000 in reimbursement if they had out-of-pocket expenses tied to the breach, such as losses or fees incurred as a result of setting up credit monitoring or handling identity fraud.

 

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