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Home » Cyber War » Cyber Security » Yahoo data breach settlement effort reaches $117.5 million

Yahoo data breach settlement effort reaches $117.5 million

Research April 11, 2019

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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

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Filed Under: Cyber Security Tagged With: OODA

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