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Yahoo Customer Data Security Breach Litigation Settlement
- iflywithbook 7y ago"Under the terms of the Settlement, Yahoo has enhanced, or, through its successor in interest, Oath Holdings Inc. (“Oath”), continues to enhance its business practices that will improve the security of its users’ personal information stored on its databases. Defendants will also pay for a Settlement Fund of $117,500,000. The Settlement Fund will provide a minimum of two years of Credit Monitoring Services to protect Settlement Class Members from future harm, or an alternative cash payment for those who verify they already have credit monitoring or identity protection."
- plouffy 7y agoI'm sure that the lawyers were equally paid in credit monitoring service sbscriptions.
- koolba 7y agoWhy do judges agree to forcing consumers to have useless product of credit monitoring in place to receive a cash payout? Can I set up a “virtual” credit monitoring that provides that type of service in name only to cover that requirement? Imagine paying $5 to claim you have credit monitoring for settlement purposes.
- ocdtrekkie 7y agoI mean, you should have one from one of the many previous breaches. Also, arguably your credit card or mortgage company may be providing you enough monitoring to claim you have it. For those who suffered under TurboTax, Intuit offers a free credit monitoring service as well. Credit monitoring, like antivirus, is something you should have, but should not be paying for.
- magashna 7y agoI would rather be less involved with these credit companies. I recently spent about a month getting some BS off my Experian account. Whenever you're on hold you need to sit through around 10 minutes of commercials for their data protection services. Experian. The company responsible for possibly the biggest data leak in history. Advertising data protection services. The balls of some companies
- ocdtrekkie 7y agoEquifax and Experian are not the same, although Experian has reported a smaller breach before, and of course, if you got credit monitoring from the Equifax breach, they have since offloaded you to Experian. But the reality is: These companies already have your data, so being signed up so you can also see it isn't giving them any more information.
- basch 7y agoIf i make a credit inquiry I immediately get a notification from mint, credit karma, chase, my credit union. Im sure, if you use multiple banks, that you can find a place to turn on credit monitoring for free.
- mindslight 7y agoIt's 2019. "Credit monitoring", like antivirus, is something you simply should not have. Rather, you should take steps to avoid being beholden to broken systems in the first place. For "credit monitoring" specifically, individuals should not be doing the surveillance bureau's work for them. If lenders don't think it is necessary to do diligence when issuing credit, then why should I make up for it by half-policing [0] use of my public identifiers? The more painful fraud is for lenders, the more incentive they have to actually do some diligence rather than trying to push their lack of responsibility onto everyone else. [0] If I had total legal control over the use of my public identifiers, I would simply tell the surveillance bureaus to delete all data kept on me. But we are not given this option, which indicates how the surveillance bureaus do not work for us. The less we give them, the better.
- ceejayoz 7y ago> Can I set up a “virtual” credit monitoring that provides that type of service in name only to cover that requirement? Absolutely. https://creditkarma.com/ https://creditkarma.com/ is free, and counts.
- bradleyjg 7y agoThe appellate courts, including the Supreme Court, have applied doctrines favoring settlements—-which make sense in a normal lawsuit—-in the context of class actions, where they exacerbate the already severe conflict of interest between counsel and the class. The one thing most District Court judges like least is being overruled on appeal. But the real blame falls on Congress. They ought to adopt a real regulatory apparatus and put away the class action (vice mass action).
- windexh8er 7y agoPretty much every major credit card offers it for free. Most large banks are now offering it as well. You shouldn't need to pay anything if you're using either of these.
- cde-v 7y agoYeah I would much rather have the $0.37 than credit monitoring.
- willis936 7y agoI’m not sure if you’re sarcastic but I would much prefer $0.37 to credit monitoring.
- lokoalex 7y agoIts so that they can give their settlement value. Even if the value is crap.
- ijpoijpoihpiuoh 7y agoAIUI, the damages are not punitive. They are meant to cover the actual harms associated with Yahoo's negligence. Unless you've actually had your identity stolen due to the breach, your losses are capped at whatever action you had to take to counteract risks added by the breach. That is, the cost of acquiring credit monitoring services.
- iends 7y agoThe problem is that damages can occur after the settlement, right?
- ryanlol 7y agoCredit monitoring is snake oil. These settlements are universally bullshit and mostly benefit snake oil vendors and not consumers. Also FWIW the damage figures are also nonsense, how much can the equifax leak hurt anyone if their data was already for sale on ssndob? Almost all Americans have had their information compromised in hacks they’ve never heard of. Am I wrong?
- theshadowknows 7y agoClass actions are interesting. Basically the lawyer for the class has a dollar value he or she wants before they even send their letter to the company being sued. Then they work towards that. Once they reach that number they don’t really care how the class is reimbursed. And neither do the judges.
- jakewalker 7y agoPlaintiffs' class action (mostly securities) lawyer here. I have no idea what you are talking about.
- toss1 7y agoUm, NO, that has nothing to do with how it works. Source: my wife is an attny & worked at a top class-action firm for over a decade. Without breaking confidentiality, I still heard all kinds of interesting stories about the mechanics & internals of how the system works - how multiple firms work together, how cases are started, etc., but never anything remotely related to such a "targeted revenue" concept. Of course there's the obvious requirement that any case specify damages at the outset, but even this number can increase or decrease as the case proceeds. A law firm can of course make big money with a big case, but it is a big risk that can take many years to return, and it can fail.
- u801e 7y ago> Credit monitoring is snake oil. What we really need is to shift the burden of proof from the consumer to the lender. If the lender cannot establish beyond a reasonable doubt that they entered into a contact with the consumer, then the consumer can sue them. Just having the SSN, name, address of the consumer, etc. shouldn't be enough to prove the lender entered into a contact with the consumer.
- 7dare 7y agoOut of curiosity, why does this apply to US and Isreal residents? Is there a legal framework that makes Isarelis eligible for these kinds of settlments automatically?
- ceejayoz 7y agoHow long before an identity thief pays PR Newswire to run a story on <major company> data breach settlement and harvest all the PII requested on these sorts of settlement claim forms? yahoodatabreachsettlement.com just looks scammy as hell. It's a pity there's not a .gov domain set up for this sort of thing - when there's a settlement, a court order gets issued for yahoo.settlements.gov to get set up.
- jannes 7y agoYep, it does look scammy as hell. I got an email from Yahoo about this settlement about a week ago and at first I thought it was spam. From: info@service.comms.yahoo.net Subject: Yahoo Security Breach Proposed Settlement If you had a Yahoo account anytime in 2012 through 2016, a pending class action settlement may affect you. A Class Action Settlement has been proposed in litigation against Yahoo! Inc. (“Yahoo”) and Aabaco Small Business, LLC (together, called “Defendants” in this notice), relating to data breaches (malicious actors got into system and personal data was taken) occurring in 2013 through 2016, as well as to data security intrusions (malicious actors got into system but no data appears to have been taken) occurring in early 2012 (collectively, the “Data Breaches”). ....
- willis936 7y agoYahoo is a scam in its entirety. Even their support page feels like it exists to funnel personal information to spam databases.
- cameronbrown 7y agoThey always do these domains for settlements. It should probably be on .gov but there doesn't seem to have been many issues before.
- ceejayoz 7y ago> They always do these domains for settlements. I know that. It makes me twitchy every time. After the big Equifax breach, someone made a spoof site of their informational page, and Equifax themselves accidentally linked to it. (https://www.nytimes.com/2017/09/20/business/equifax-fake-website.html https://www.nytimes.com/2017/09/20/business/equifax-fake-web...) > there doesn't seem to have been many issues before. Again, sure. I'm surprised scammers haven't changed that yet.
- Hitton 7y agoThe settlement potentially includes up to 194 million people, so if even just small part of people asks for money, they'll get just dollars. Situation with Equifax repeats itself.
- willyg123 7y agoThe only winners in class action lawsuits are the lawyers. It seems like class actions only exist to effectively serve as law enforcement ie the private-sector version of attorneys general.
- Karunamon 7y agoThat's because the point of class actions aren't to make the wronged people whole, it's to form a large enough legal stick to beat large, misbehaving entities about the head with.
- i_cant_speel 7y agoGood thing we have the option to get free credit monitoring... that we just received from the last time our data was carelessly handled.
- cobookman 7y agoMaybe now would be a good time to create a credit monitoring startup.
- ping_pong 7y agoIs it worth it to sign up? I get so many notices for settlements and they all want my SSN, I would rather keep that private rather than give it away for what is likely to be a very small settlement.
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- Ambele 7y agoI bet with the right commands (ex:SQL Injection Commands), you could make this settlement fund print out it's records. Look at how unnecessarily verbose and pretty the error message output is: https://yahoodatabreachsettlement.com/x https://yahoodatabreachsettlement.com/x I haven't tried it but it looks ripe for attack. A security noob could try using SQLMap and Nikto. If that were to happen though, would there be a class action lawsuit against the class action settlement team?
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