Yahoo agreed to pay $50 million to 200 million Yahoo users in the United States and Israel following a series of data breaches.
The data breaches, which occurred in 2013, were not exposed until Verizon purchased Yahoo in 2016. In 2014, two Russian intelligence officers conspired to steal 500 million Yahoo users' data in order to target U.S. organizations and individuals, including the federal government.
The $50 million payment is part of an agreement to settle a lawsuit that resulted from the data breaches, which may have affected as many as three billion email accounts worldwide. As part of the settlement, Yahoo would also pay $35 million in attorney fees, provide two years of credit monitoring to affected individuals, and provide a compensation package to small businesses and individuals that suffered losses from the breaches.
Verizon and Altaba, which now own Yahoo, will each pay half of the settlement. Clyde Hughes "Yahoo agrees to pay $50M for breach that hit billions of accounts" upi.com (Oct. 24, 2018).