Yahoo Offers $118 Million To Settle Lawsuit Over Massive Data Breach (cnn.com)

Yahoo is offering to pay $117.5 million to settle its massive data breaches that compromised personal information, including email addresses and passwords. "The proposed settlement was announced on Tuesday, but still needs to be approved by U.S. District Judge Lucy Koh," reports CNN. From the report: Earlier this year, a different version of the class-action settlement was rejected by Koh, who wanted to see more benefit to consumers and a specific settlement amount. Yahoo was hit by multiple data breaches from 2013 to 2016. The 2013 breach affected every single customer account that existed at the time, which totaled 3 billion. Yahoo previously said names, email addresses and passwords were compromised but not financial information.

Comments

The consumers don't benefit

[TheRealMindChild]

a different version of the class-action settlement was rejected by Koh, who wanted to see more benefit to consumers and a specific settlement amount.

So 500 million accounts compromised. -33.3% for lawyer fees, = ~$78.67M left for payout. That leaves us with $0.16 per account compromised. How it that at all a benefit to anyone but the lawyers