Data breach: Yahoo agrees $ 50 million settlement for affected people

Yahoo has agreed to pay a settlement of $ 50 million to about 200 million people affected by the courier data breach in 2013, known as the biggest data breach of corporate data.

More than 3 billion accounts have seen their e-mails and other personal information stolen in hacking, but the settlement filed Monday night only concerns about one million accounts, held by 200 million people in the United States and Canada. Israel between 2012 and 2016, when data breach was revealed.

A hearing to approve this proposal to end the two-year pursuit will be held in California on November 29th. If it is approved, the concerned account holders will receive a notice by email. The alerts will also be published in People and National Geographic, reports the Associated Press.

Account holders who have suffered a loss (such as an impersonation or late tax refund) may claim a portion of the $ 50 million as a result of the data breach. Individuals with eligible claims will be compensated for the time spent managing these losses at a rate of $ 25 at the hour, up to $ 375 with documentation.

Premium Yahoo account holders will also be eligible for a 25% refund, and all affected account holders will receive free credit monitoring services via AllClear for two years. Yahoo will also pay $ 35 million in legal fees, TechCrunch reports.

Settlement costs will be split between Oath, Verizon's Yahoo subsidiary, and Altaba, the unlisted part of Yahoo that was renamed after the sale.