Yahoo agrees to pay $50 million to settle data breach lawsuit


Yahoo must pay $50 million in damages to victims of one of the largest data breaches on record.

On Monday, a settlement was filed with the United States District Court in California which laid to rest the two-year-old lawsuit.

Yahoo has agreed to pay $50 million in compensation to victims of the security breach, estimated to be roughly 200 million individuals. In addition, the tech giant will provide a minimum of two years of free credit monitoring to those involved.

The settlement relates to two separate breaches, taking place in 2013 and 2014.

Read more…