Yahoo Data Breach Settlement 2024: Class Action Payment Dates, Amount, Eligibility Check Now

If you’re a claimant in the Yahoo Data Breach Settlement 2024, find out about payment dates, amounts, and eligibility checks here. Get the details you need in this article.

Yahoo Data Breach Settlement 2024

For years, the company has faced multiple settlement cases linked to data breaches, spanning from 2012 to 2019. Malicious attacks exposed user data from 2016 to 2018, affecting millions. The recent case, filed in July 2020, involves Yahoo! Inc. and Aabaco Small Business, with 15 million citizens seeking settlement. Claimants, including individuals and businesses, lost personal and customer data. While the final verdict is pending, the court has mandated the company to pay penalties and settlement fees. Settlement class members are urged to submit claims for a two-year period.

Class Action Payment Dates 2024

The case, initiated in July 2020, has left many claimants curious about the payment amount. While the final verdict is pending, the court’s mid-December 2022 decision mandated the company to pay penalties for the user data breach. The firm has committed to releasing 60 million funds for claimants, with an additional instruction to pay a $2.5 million penalty annually until the case concludes.

For users impacted by the data breach, it’s crucial to apply for the lawsuit before the final deadline on March 31, 2024. The extended claim period for out-of-pocket amounts ended on January 22, 2024. As of December 2022, around 147 million people have filed lawsuits against the company. With the settlement now in effect, disbursement of amounts will align with the valid claims submitted by users, each category having specific filing deadlines.

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Yahoo Data Breach Settlement Amount 2024

Class members will benefit from identity theft and class protection for two years through a credit monitoring service. The settlement amount for those not covered by this service will see a reduction, ranging from approximately $100 to $358. Claimants with strong proof of data breach and multiple account usage may receive a settlement amount of $25,000 for out-of-pocket expenses.

Small businesses relying on Yahoo services and experiencing data loss will receive an additional $500 in support. The amount issued will depend on out-of-pocket expenses and the service usage timeline. Users with a daily service usage timeline exceeding 15 hours will receive an additional $25 for each hour spent on the service.

Yahoo Data Breach Settlement Eligibility 2024

To qualify for the settlement claim, claimants must meet certain eligibility criteria outlined in this section:

  1. Users must have utilized the services from 2012 onwards.
  2. Possession of account details and necessary information for the lawsuit is mandatory.
  3. Claimants should be habitual residents of the country.
  4. Small business owners must furnish documents showcasing their company and the utilized services to receive the settlement amount.
  5. Paid users need to file the lawsuit with specified details on data breach activities and lost information.
  6. Multiple account holders should provide account numbers and primary contacts for each account to validate their case.
  7. American class members are required to apply for documents related to class monitoring services.
  8. Customers can submit claims as personal users, paid users, or business owners. The settlement website offers specific claim forms for each data breach category. Plaintiffs are encouraged to carefully review the details of their case and apply for the appropriate settlement claim.
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