Yahoo to Pay USD 50 Million in Damages over 2013 Data Breach
Yahoo will have to pay millions in damages as part of a settlement in the 2013 and 2014 mega data breach case.
California, October 24: Yahoo will have to pay millions in damages as part of a settlement in the 2013 and 2014 mega data breach case. As per the settlement filed earlier this week, Yahoo has been slapped a fine of USD 50 million. In addition to that, the company will also have to provide a minimum of two years of credit monitoring services for the 200 million people impacted by the breach, Cnet reported.
Yahoo suffered global reputational damage when a security breach in 2013 affected 3 billion accounts. Another breach, a year later, affected 500 million accounts. The hack put to risk even encrypted passwords of users. The now parent company, Verizon, will pay half the settlement cost while Altaba, the remaining part of Yahoo after sale to Verizon will pay the other half. Facebook Faces USD 1.63 Billion in European Union Fine Over Fresh Data Breach.
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