If you were among the billions whose personal information was compromised in Yahoo’s significant data breaches, you may be entitled to a financial settlement. Between 2013 and 2016, Yahoo experienced two major breaches affecting approximately three billion accounts. While sensitive financial details such as bank account numbers and credit card information were not stolen—unlike the case for over 147 million individuals in the Equifax breach—user emails and passwords were vulnerable.
For those impacted, a settlement could result in a payout of $358 or two years’ worth of credit monitoring services. As part of the Class Action Settlement awaiting California court approval, Yahoo is set to distribute a total of $117.5 million. Affected users can receive either two years of credit monitoring or a cash payout if they can demonstrate that they already maintain such a service.
For instance, if you can confirm that you are subscribed to a credit monitoring service and plan to continue for another year, you can claim $100. Depending on the number of claims filed, your payout might even exceed $353. Additional compensation will be available for individuals who can substantiate out-of-pocket losses or were Yahoo users who subscribed to ad-free or premium services, with claims capped at $25,000.
Eligibility Criteria
You qualify as a member of the settlement class if:
- You held a Yahoo account from January 1, 2012, to December 31, 2016.
- You received a notification regarding the data breaches.
- You reside in the United States or Israel.
How to File a Claim
Filing a claim is straightforward at Yahoodatabreachsettlement.com. Simply select “FILE CLAIM” and choose between the “ACCOUNT HOLDER CLAIM FORM,” “PAID USER CLAIM FORM,” “SMALL BUSINESS USER CLAIM FORM,” or “ISRAELI CLAIM FORM.” Make sure to file before the deadline on July 20, 2020.
However, don’t expect a prompt payment. Reports suggest that the approval process might take over a year, as the settlement awaits court endorsement. The final fairness hearing is scheduled for April 2020, and payments will likely be distributed afterward. Also, if the settlement pool is large, similar to the Equifax situation, your cash payout could be minimal. Be ready to provide evidence of your credit monitoring plan if you opt for the cash settlement. It’s advisable to invest in a credit monitoring service given the circumstances surrounding both Yahoo and Equifax.
Related Resources
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Summary
If you had a Yahoo account between 2012 and 2016 and were affected by the data breaches, you might be eligible for a payout or credit monitoring services as part of a Class Action Settlement. Ensure you file your claim by July 20, 2020, and be prepared for a potentially lengthy approval process.
Keyphrase: Yahoo data breach settlement
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