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Altaba to settle lawsuits relating to Yahoo data breach for $47 million

Posted on September 17, 2018 by Dissent

Zack Whittaker reports:

Altaba, the holding company of what Verizon left behind after its acquisition of Yahoo, said it has settled three ongoing legal cases relating to Yahoo’s previously disclosed data breaches.

In a Monday filing with the Securities and Exchange Commission, the former web giant turned investment company said it has agreed to end litigation for $47 million, which the company said will “mark a significant milestone” in cleaning up its remaining liabilities.

Read more on TechCrunch.

Related posts:

  • 500 million Yahoo accounts breached; biggest breach ever publicly disclosed
  • Verizon FIOS allegedly hacked; 300,000 records dumped; more than 3 million acquired? NO! (updated to include Verizon statements)
  • Altaba, Formerly Known as Yahoo!, Charged With Failing to Disclose Massive Cybersecurity Breach; Agrees To Pay $35 Million
Category: Business Sector

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