Yahoo to pay $50 Million for the Biggest Data Breach in History That Affected 200 Million Users

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Stuti Nandan
Stuti Nandan
Feminist by mind, socialist by heart. Passionate about everything she does, always learn new things with an open mind. A tech savvy and keeps an update about everything happening around, loves reading that is what gives her the best of both world some reality some fantasy.

There’s news to rejoice for the Yahoo users as Yahoo has agreed to pay $50 Million for the damage done to its 200 million users due to pilfering of their personal data which caused the largest data breach case in history. Moreover, it will also provide two years of free credit-monitoring services to all those 200 million affected users.

The restitution is based on federal court approval of a settlement filed late Monday, going back to a 2-year-old lawsuit holding Yahoo accountable for digital burglaries that happened in 2013 and 2014 but was disclosed only in 2016. Things were already going downhill for Yahoo after the financial fallout from a security lapse ceased its existence as an independent body. It also brought a sad end to the six-year run of former CEO Marissa Mayer, and the digital burglaries further worsened the situation.

Also Read

Zeroing in on the details of the settlement, the claims for a portion of the $50 million fund can be submitted by the Yahoo account-holders who suffered data losses such as identity theft, delayed tax refunds and other such problems caused due to the security breach. As per the clauses in the preliminary settlement, the accountholders of Yahoo will be compensated $25 per hour for time spent in facing the issues sparked by the security breach. In this regard, the users with documented losses can claim up to 15 hours of lost time or $375, while the others can file claims for up to five hours or $125 to compensate for time loss incurred in dealing with the Yahoo break-in.

Furthermore, on an impressive note, account holders paying an annual premium of  $20 to $50 can claim a 25 percent refund.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Arguably, the heart of the restitution lies in the free credit-monitoring service from AllClear as its retail value was put up tentatively at $14.95 per month by the lawyers. Still, the settlement didn’t outlay the exact amount that Yahoo has conceded to pay AllClear to make up for the losses of the affected account holders, and so the rate remains open to conjecture. However, as the settlement includes the credit-monitoring service, and the lawyers for Yahoo’s account holders have appreciated the settlement as a positive step, the restitution majorly hinges on the credit-monitoring service.

Damage estimation varies case-to-case from one account holder to another, with the experts estimating the value of the personal information contained in email accounts as ranging from $1 to $8 per account, amounting to a probable whopping bill of more than $1 billion for Yahoo if it had lost the case.  But thankfully the situation took a favorable turn as Yahoo challenged the damage estimates by asserting that few of the users had submitted false information about their names, birthdates and some personal life details.

Satisfyingly enough for the lawyers representing Yahoo account holders, Yahoo will pay $37.5 million in fees and expenses to them if the settlement is approved so there are adequate monetary incentives at play here to get the ball rolling in favor of Yahoo’s case. The preliminary settlement is scheduled for 29th of Nov before U.S District Judge Lucy Koh in San Jose, California. If the settlement gets through, then an official mail will be sent to all the affected users/people. As for us and all the concerned Yahoo users, we are to wait and watch.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.



- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -
India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS Nothing Phone Enters US with Beta Membership Program
Finally! Apple’s VR Headset Coming this Spring Harvard Scientists Develop New Cell Therapy to Kill, and Prevent Brain Cancer HTC Vive XR Elite VR/AR Headset Now Selling for $1099 Realme 10 Launched in India with Helio G99 Gaming Chipset Twitter Data Breach Revealing User’s Private Information Instagram New Feature to Create Albums With Friend Redmi Note12 Pro Plus Launched in India POCO C50 Launched in India