Yahoo has agreed to pay $50 million to victims who can prove damages from its data breach.
The money will be paid to victims who spent time freezing credit and working around tax return delays or other complications. The going rate for that legwork? Victims will receive $25 an hour for the time they spent to protect themselves or repair damage after the breach.
The Associated Press reports on the rising cost of the Yahoo breach:
Verizon will now pay for one half of the settlement cost, with the other half paid by Altaba Inc., a company that was set up to hold Yahoo’s investments in Asian companies and other assets after the sale. Altaba already paid a $35 million fine imposed by the Securities and Exchange Commission for Yahoo’s delay in disclosing the breach to investors.
If you paid for "premium email" during certain years, you are also entitled to a 25% refund, and free credit monitoring is also available for those whose information was breached.
A judge is scheduled to review the settlement before it is final, and that is expected to happen in November 2018.