Column: Yahoo offers data breach victims up to $380 each in settlement. But don't bank on it

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Column: Yahoo offers data breach victims up to $380 each in settlement. But don't bank on it
France Dernières Nouvelles,France Actualités
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Yahoo is trying to make amends for its data-security issues, which affected 3 billion account holders. But, needless to say, there’s a catch. Columnist Davidlaz explains:

You have every right to be skeptical as another big company — this time it’s Yahoo — says you can claim some cash to make amends for a massive data breach.after it offered $125 or free credit monitoring to all those affected by its own sloppy data practices, which resulted in hackers gaining access to the personal information of about 147 million people.

To submit a claim for a payout, you have to verify that you already have a credit-monitoring service. If you don’t, you’re not eligible for money and can only seek free credit monitoring. If you can prove that the data breach caused you financial losses or significant loss of time in dealing with privacy problems, you might qualify for up to $25,000.

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