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Yahoo’s Mega-Breaches: Altaba Moves to Settle Lawsuits

$47 million settlement agreement to be submitted to court in next 45 days, Altaba says. Yahoo’s operating businesses were sold on June 16, 2017, for $4.48 billion to Verizon. Yahoo agreed to shoulder half of the costs related to government investigations and third-party litigation over its breaches. The breaches appear to have compromised every Yahoo user’s personal details at least once, according to court documents. The company says it will incur an incremental net $47M in litigation settlement expenses to resolve all three cases.”]

Source: https://www.cuinfosecurity.com/yahoos-mega-breaches-altaba-moves-to-settle-lawsuits-a-11519

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