Posted by Chuck on February 5, 2020
Deals

Published on February 5th, 2020 | by Chuck

81

Yahoo Class Settlement for Users During 2012 through 2016 (Payout up to $100 – $358)

Update 2/5/20: Deadline has been extended until March 6, 2020.

Update 10/15/19: Some readers were concerned that this website was a scam due to mainstream media not covering this settlement/settlement website. Other outlets are now covering this story with the same URL: Fox Business | CNN | CNET

Yahoo Class Settlement

Direct Link | File A Claim |Press Release

A Class Action Settlement has been proposed in litigation against Yahoo! and Aabaco Small Business relating to data breaches (malicious actors got into system and personal data was taken) occurring in 2013 through 2016, as well as to data security intrusions (malicious actors got into system but no data appears to have been taken) occurring in early 2012.

Plaintiffs claim that Defendants failed to adequately protect their Personal Information and that they were injured as a result. Defendants deny any wrongdoing, and no court has made any ruling in these matters.

Yahoo has agreed to make changes to improve security of its customers’ Personal Information stored on its databases.  Defendants will also pay for a Settlement Fund of $117,500,000.

Who Is Eligible?

If you received a Notice from Yahoo about the Data Breaches, or if you had a Yahoo account at any time between January 1, 2012 and December 31, 2016, and are a resident of the United States or Israel, you are a “Settlement Class Member.”

How Much Do We Get?

Settlement Class Members are encouraged to submit a claim to receive a minimum of two years of future Credit Monitoring Services. If you already have Credit Monitoring Services, you may still sign up for this additional protection. Alternatively, if you verify that you already have a credit monitoring service that you will keep for at least one year, you may submit a claim for a cash payment of $100.00 instead of receiving Credit Monitoring Services through the Settlement. Payment for such a claim may be less than $100.00 or more (up to $358.80) depending on how many Settlement Class Members participate in the Settlement.

You may additionally provide documentation or proof to receive reimbursement of up to $25,000.00 in out-of-pocket losses, including lost time, that you believe you suffered or are suffering because of the Data Breaches. As to documented lost time, you can receive payment for up to fifteen hours of time at an hourly rate of $25.00 per hour or unpaid time off work at your actual hourly rate, whichever is greater. If your lost time is not documented, you can receive payment for up to five hours at that same rate.

Important Dates

  • January 1, 2012 until December 31, 2016 – dates when your Yahoo account was potentially compromised
  • March 6, 2020 – final date to exclude yourself from settlement
  • April 2, 2020 – court hearing is scheduled for this date
  • July 20, 2020 – must file a claim before this date

Final Thoughts

I suppose that if you already have credit monitoring from some other data breach (e.g. Equifax), that should stand as proof that you “already have a credit monitoring service that you will keep for at least one year,” making you eligible for the potential payout of up to $100 – $358. On the other hand, if you are simply a member of Credit Karma or similar, it’s not clear that that would suffice as verification that you have a monitoring service for the coming year.

Just getting some more credit monitoring doesn’t seem too useful give the plethora of data breaches offering that. If you can get a cash payment from the breach, that seems more worthwhile.

Hat tip to reader y.



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Frank

Ugh, should of made a useless yahoo account…

The Masked Poster
The Masked Poster

“Should of” is not the long form of “should’ve”, which is a contraction of should have.

Thom
Thom

I regret that I have but one upvote to give thee

Thom
Thom

Chuck favor–could you please redact the surname and the final two letters of my first name? it happened below too. thank you–sorry can’t figure out how to do it myself

Thom
Thom

gratias tibi ago

Mark
Mark

Should of, would of, could of…

Parts Unknown
Parts Unknown

‘ve course

Anonymous166
Anonymous166

I’dn’t’ve thought y’all’d’ve been nitpicky, but aiight, I shouldn’t’ve slacked off in high school.

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Well I had three yahoo accounts somehow. Heres hoping to the check I’ll get in two-three years!

MrObvious
MrObvious

Perhaps they will say that you’re violating terms by having multiple accounts and invalidate yourself.

satellite
satellite

Yahoo actively supports multiple accounts. The only potential issue is if payment is per person not per account (i.e. multiple accounts count as one)

Flea
Flea

Hey, I got $24 from FTC v LifeLock just last week, so where there’s life there’s hope!

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Good stuff. Just submitted my $5 GNC settlement today too lol.

Frugal Nellie, aka Lela
Frugal Nellie, aka Lela

The only times I will have more than you: years old, and I had 8 yahoo accounts by Dec 2016 -grin-

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Haha!

Chase Security Team
Chase Security Team

Do we get more money if we had more Yahoo accounts? Is the payout by number of accounts or what?

MSer
MSer

Fat chance we’ll get anywhere close to $100 (let alone $358). These bullshit settlements should be banned. People should be guaranteed a minimum payment and the lawyers should be the ones who take the risk – as it is, lawyers greenmail these companies for fat paydays and the actual victims be damned.

Frogger
Frogger

You can opt out of the settlement. Sue them on your own.

Thom
Thom

found the lawyer everybody

Burton

On the plus side there are only about 230M active yahoo users out of the 3B that were hacked – so we should get at least 50c.

G
G

Only once all these blogs post about it – same as the equifax settlement

Outlook
Outlook

Those lawyers did years of work while you and I did nothing. Those plaintiffs hired the lawyers while you and I did nothing. Ergo they get millions while you and I get pennies.😃

Btw “If you wish, you may object to the amount of attorneys’ fees, costs, and expenses. For more detailed information about objecting, see FAQ 25.”

lilurbanachiever
lilurbanachiever

The plaintiffs will get what every class action member gets. And most of this lawsuits are started by lawyers, they are the ones actively recruiting initial plaintiffs not the other way around. In other words, regular folks get to pay for those lawyers fat fees, b/c eventually the cost will be passed down to you and me. Unless you are you a lawyer, Outlook ? Man, the judicial system is absolutely broken. Oh, and please stop with that BS about objecting to legal fees and starting your own lawsuit; this is about as realistic as getting elected to Congress.

Outlook
Outlook

How exactly does Yahoo’s cost get “passed down to you and me” and how much does that cost you? 10 pennies?

Who said “starting your own lawsuit”? I was talking about objecting the settlement — that’s not the same as excluding yourself from the class. This is all laid out in the FAQ page. I read the plain English in that FAQ page and that makes you think I’m a lawyer. This just once again goes to show people don’t know how to read.

And why is starting your own lawsuit unrealistic? Are you talking about pro se? Why would you not hire a lawyer for your lawsuit? Is it because the damage (if any) you suffered from Yahoo’s data breaches is so small that the potential compensation isn’t worth it?

Neil Degrasse
Neil Degrasse

Every time a settlement gets posted on the Internet there’s always someone who comes along and parrots the same thing that lilurbanachiever wrote. You can always bet there will be at least one.

lilurbanachiever
lilurbanachiever

If by “parroting” you mean stating inconvenient truth, then yeah I parroted. I myself wonder where tools like Neil and Outlook come from. Outlook, you do realize there are thousands upon thousands of such class action lawsuits each year. The big-firm lawyers gotta eat. And you seem to completely miss the point of outrage with Yahoo/Equifax, it’s the potential losses not the damage occurred so far. Anyway, this is completely off-topic and does not add anything to discussion. But I am dumbfounded that some folks do not realize the judicial machine does not run on coupons for free pizza. Everybody gets to pay for it.

Outlook
Outlook

Somehow “those lawyers fat fees” became synonymous with “the judicial machine”, but yeah of course I don’t realize that. That’s why I asked “How exactly does Yahoo’s cost get ‘passed down to you and me’ and how much does that cost you” and the other simple questions. Now it looks like you don’t have the answer. What a surprise.

Nick
Nick

Wonder whether this will also go the way of the Equifax ‘settlement’ of about $0.3 cash payment per affected person.

YoniPDX
YoniPDX

After mailing cost, that sounds a little optimistic thinking close to .1~.2c per

Madeline Alright
Madeline Alright

so getting .50 cents from Equifax for identity, and $300 from Yahoo

qmc
qmc

no, 50 cents from equifax and 34 cents from yahoo.

Madeline Alright
Madeline Alright

I had a dozen Yahoo accounts between these dates, and all dozen got the notice e-mails of breach.. is there any benefit to adding more than one Yahoo email to my claim form?

Gadget 🕵️

Guess I need to start a new tracker spreadsheet for class actions I am a part of… Think I will wait to file on this one. The EQ one I jumped the gun before the math came out, and most opinions changed in 2 days after being public on that one. Flip a coin – Take the identity theft services… don’t take them.

Madeline Alright
Madeline Alright

Jeffrey, which other settlement have you done?

Gadget 🕵️

EQ=Equifax. I have done a few others in my many years of being a consumer.

Back in the day you used to get a postcard in the mail, and then you would either opt in or opt out. Now they just post on the web, use the media and social media to promote it, so anyone with internet access and a pulse can signup, probably 10-1000x as many replies than the old way of doing things.

YoniPDX
YoniPDX

Was pleasantly surprised earlier this summer with almost $700 from Oregon LCD & CRT screen antitrust lawsuit.

May get a few bucks from settlement approved eariler this summer lithium-ion battery antitrust class action settlement – but that’s rapidly going the EQ route.

May get something from Optical Disk Drive Antitrust Settlement – appeal filed.

Those are the only ones I’ve bothered , and that been over the past 36 months, mainly because only ones relavant and seemed worth the effort.

But may opt out of EQ settlement and go small claims to reclaim freeze fees and Credit monitoring (paid) as well as maybe hours, I will have to do a little more research , may end up taking monitoring and insurance as may not be worth the time and effort to go small claims.

To bad the ‘Penal’ part of penalties does get applied to these C-suite Exec’s that risk little more than getting fired with a lucrative severance package. It’s the company that pays the fine, not the officers of the ship (company).

Sal
Sal

Last week, I got about $45 from the Target data breach settlement. I had forgotten I filed a claim.

Burton

I swear I signed up for the LCD one YoniPDX mentioned but didn’t receive anything this summer. I think over the years I’ve received three small checks from settlements and a few coupons. :/

Seems like half of them never materialize, so worth adding an extra tab to my tracking spreadsheet. I need to sign up for this one and two others still.

sean
sean

Im pretty sure I have like 10 different yahoo accounts. Does that multiply?

Matt
Matt

Both my hardware firewall (fortigate) AND my antivirus software (eset) dont like this site: https://www [dot] YahooDataBreachSettlement [dot] com

Bad certificate I think. Firewall says malicious. Just a word of caution before clicking to file a claim… Might want to wait a few days.

sam
sam

great now hopefully AOC will tweet about this settlement too, so that her 5 million unemployed twitter minions can all make claims just like she did with equifax

Anonymous166
Anonymous166

Trump will want to hear about this too. He’ll take whatever he can get, amirite?

SB
SB

Except he’s a billionaire who doesn’t need a dollar from these losers. He’s the only President whose net worth actually decreased after coming to power.

pedro stee
pedro stee

i think AOC is pretty great! she has done a lot in her short time office, and I think she helps a lot of working people – me included.

SB
SB

Hahahaha, she is utterly clueless and her only talking points are love everyone, help the poor, tax the rich while having no understanding of economics. She even lied about her economics degree. If people like her come to real power, America will be worse than a lot of third world countries soon.

john mccann
john mccann

Whatever the amount is it’s only a few clicks and the filing is done. If it’s less than 50c I’ll frame the check.

DD
DD

Just want to add that the credit monitoring that you would have from the Equifax breach/insider trade/data dump is still pending. No benefits will be sent until they are allowed by the court, which will be January 23, 2020, at the earliest. See FTC.gov/Equifax.

007
007

Anyone asking for reimbursement from credit freezes and thaws? What about if you asked for said reimbursement already from Equifax?

Jay
Jay

Hey Chuck (or William Charles ),

any chance you could be nice enough to put a note in your calender and repost this again on the site closer to the July 2020 cut off date to file a claim?

Like Gadget describes in his comment here, I too feel like I jumped the gun a bit on EQ.
So on this I’m planning to wait till closer to deadline to see comments, et al, then.

And since I read DoC every day 🙂

P.S.: Just noticed that my registered email adress here is my old one from Yahoo, so I guess I’ll definitely qualify, lol…

William Charles

I’ll try to remember but no promises

Andy
Andy

I added it to my Google Calendar for June 19, 2020. I also included a link to the post on slickdeals (https://slickdeals.net/f/13361431-psa-yahoo-security-breach-proposed-settlement-class-action-suit).

If you put links in the “description” section of the event on your calendar, it’ll give you clickable links when you open the event next year.

I do this with all DoC posts that I need to follow up on. Usually it’s a bank bonus that has a far-out expiration date where I need to wait a couple months before applying (i.e. I’m not eligible yet due to having received a bonus in the past year).

a

a

Scam
Scam

Obviously a scam. Don’t provide any information to these scammers. Highly recommend to people that if something looks too good to be true, it usually is. Can provide proof if needed.

Samus
Samus

yeah, provide proof if you can

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