Finance | September 23, 2019 10:30 am

Yahoo May Owe You Up to $358 for a Data Breach

Here's a quick guide to see what you're owed

Ippei Ogiwara / Flickr Creative Commons

If you had a Yahoo email account between 2012 and 2016 — and most likely you did, because you signed up for one over a decade ago and forgot about it — you might be entitled to up to $358.80.

Unfortunately, the reason for your unexpected payout is because Yahoo had a massive data breach and your private data (names, email, phone, passwords, security questions, etc.) may have been stolen, according to the Daily Dot.

And that $358+ is part of a class-action lawsuit settlement.

To get a portion of the $117,500,000 settlement, you’ll need to be a resident of the United States or Israel and have used a Yahoo email account between January 1, 2012 and December 31 2016. You can either chose two-year credit monitoring service or a cash settlement — the amount of which depends on how many people choose the latter option (also dipping into that fund: anyone who can demonstrate “out-of-pocket losses.”) The final language is tricky, but the final tally could be $100, less than $100 or up to $358.80.

As well, to select the cash option you also need to already have a credit monitoring service and be willing to keep it up to a year.

Claims need to filed by July 20, 2020. More info is here. To see if you already have credit monitoring via one of your financial services or apps, use this handy guide via CNBC that explained a similar settlement from Equifax.

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