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    Twitter Skeptical as Yahoo Agrees to Pay $50 Million to Data Breach Victims

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    Last year, Yahoo's parent company Verizon said that every one of Yahoo's three billion accounts was robbed of personal data by hackers, in digital burglaries that occurred in 2013 and 2014, but came to light only in 2016.

    Yahoo will pay 50 million dollars to victims of the massive data leak which jeopardized the private data of three billion accounts between 2013 and 2014, according to the AP.

    The settlement specifically involves about one billion of those accounts belonging to approximately 200 million people in the US and Israel who will also get two years of free credit-monitoring from Yahoo.

    READ MORE: Beware of Hackers: Why Yahoo's Biggest-Ever Data Breach is 'Not That Unusual'

    Yahoo parent company Verizon is due to pay for one half of the settlement cost, while the other half will be paid by Altaba Inc., which was established after the news on the data breach affected Yahoo's takeover process in 2016.

    "Claims for a portion of the 50 million dollar fund can be submitted by any eligible Yahoo account holder who suffered losses resulting from the security breach. The costs can include such things as identity theft, delayed tax refunds or other problems linked to having had personal information pilfered during the Yahoo break-ins," the AP said in a report.

    Netizens have meanwhile been quick to react to the news with some doubting that those users who were affected by the 2013 security breach will get the compensation money and that "the attorneys will keep a big portion of the sum."

    In late 2017, former Yahoo CEO Marissa Mayer "sincerely" apologized for the large security breaches which happened during her tenure as the company's chief executive. She put the blame for the leaks on Russian intelligence officers and state-sponsored figures.

    In another development that year, the Russian President's spokesman Dmitry Peskov said that Moscow had not received official information from the US on the indictment of four Russian nationals over the 2014 data theft from Yahoo. 

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    Tags:
    accounts, security breach, claims, personal information, settlement, Verizon, Yahoo
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