Yahoo! Handed $50 Million Fine for 2014 Breach

Yahoo has reportedly agreed to settle for $50 million its data breach in 2014 which is considered to be the biggest breach in history.

 

The internet firm also said that it will provide two years of free credit-monitoring services to 200 million individuals whose email address and other personal data were compromised by the hack. However, the settlement still needs federal court approval.

 

Altaba, the entity formerly known as Yahoo, had already agreed to pay 35 million in settlement after the SEC found that the company had misled investors after it failed to inform them about the breach.

 

Source: PYMNTS