Yahoo to Pay Millions in Legal Settlement
Nearly two million people who had sensitive information snatched from their Yahoo accounts will receive two years of free credit monitoring services and other potential restitution in a legal settlement valued at $117.5 million.
A more detailed breakdown used in the revised settlement drove up the estimated cost. The money will be paid by Yahoo's current owner, Verizon, and Altaba, a holdover from Yahoo's past that still owns a stake in Chinese internet company Alibaba Group worth billions of dollars.
According to WILX-News 10, Your Breaking News and Weather Authority, if approved, the settlement will become part of the financial fallout from digital burglaries that stole personal information from about 3 billion Yahoo accounts in 2013 and 2014.