Reuters reports Yahoo has reached a revised data breach settlement for $117.5 million after its first deal was rejected by U.S. District Judge Lucy Koh. In her ruling back in January, Koh found the original settlement was not "fundamentally fair, adequate and reasonable" as it did not specify its overall value, nor did it offer what victims were expected to recover. The updated settlement includes $55 million for out-of-pocket expenses to breach victims and $24 million for two years of credit monitoring. Yahoo's latest settlement covers 194 million people in the U.S. and Israel. Koh's approval is still needed for the settlement to be final.
If you want to comment on this post, you need to login.