Do you have a Yahoo account at any time between 2012 and 2016? This article will outline the Yahoo data breach settlement Reddit. Then maybe you’re in for a settlement.
Yahoo Data Breach Settlement Reddit
Breaches in Yahoo happened in 2012. However, Yahoo claimed that no data was ever taken. But after a year, another attack occurred. That was 2013 when malicious actors have successfully gained Yahoo accounts. Moreover, a total of at least three separate attacks happened.
This breach includes the stealing of the following information:
- Email address
- Telephone numbers
- Birth dates
- Security questions answers
- Private emails
In line with this, the company announced a settlement fund worth 117,500,000 dollars. Who can take settlements?
Yahoo Account Holder
Account Period: Between January 2012 to December 2016
Residence: the United States or Israel
Qualifiers were sent notice of the settlement. Furthermore, you can contact the settlement administrator to confirm your settlement qualification.
Accounts connected with the following are considered qualified:
- Yahoo Finance
- Yahoo Fantasy Sports
Yahoo covers a number of benefits for those who have been a victim of fraud. Specifically, as a result of their data breach.
The following are the benefits they cover:
- At least 2 years of credit monitoring services. These services are provided by AllClearID. Moreover, services include: identity theft monitoring, up to $1 million theft insurance, and identity recovery assistant
- Cash payment: less than $100 to a maximum of $358. However, this depends on the funds available after other benefit payouts
- Cash reimbursements of up to $25,000. This is reserved to cover out-of-pocket costs of fraud and data breach.
- Yahoo premium account refund of up to 25%
- Up to 25% refund of a Yahoo Small business user email service
- As a basic account holder
- Paid account user
- Small business user
- Israeli citizens
However, Israeli citizens need to submit a separate claim form. Also, further instructions will be given on the settlement website. Which varies on the type of claim you should receive.
Submission Of Claims
However, submission of claims is due until July 20, 2020. Also, claims submitted in different forms are received both online and postmarked.
Part Of A Data Breach: Action Plan
Suppose another data breach will take place, and you are one of the victims. What are the practical steps you should take?
This is probably the first thing that should come into your mind. Because this should stop or prevent any malicious intent with your account information. For instance, opening a line of credit or filing loans under your name.
This follows the ‘freezing’ step. Thus, you should stay on top of your credit report. Remember that someone has your identity. So be careful and wary with how your account goes.
Moreover, some companies offer FREE credit monitoring services. For instance, you are a victim of a data breach. But this is only a temporary service. Doing so helps you quickly catch false accounts under your name.
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