Yahoo has once again attempted to settle a class-action lawsuit involving millions of users following one of the largest data breaches in history with a revised settlement figure of $117.5 million. On Tuesday, the proposed resolution to the lawsuit was made public. The revised figure of $117.5 million has been made in response to criticism made by US Judge Lucy Koh concerning an earlier figure of $50 million, proposed in October 2018. The judge said the original terms were not “fundamentally fair, adequate, or reasonable.”
Read more about the final Yahoo data breach settlement effort for $117.5 million on ZDNet.
On a related note: This sort of news is why consultancies like ours (OODA LLC) have been very busy in due diligence assessments these days. If you are considering an acquisition of a firm the time to check out the cybersecurity and technology risk you will be acquiring is before the transaction. We can help with that. For more info see: Technology Due Diligence – CTO as a service – CISO as a Service