This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
03/12/2018
Yahoo Agrees to $80 Million Settlement Over Data Breaches
The State of Security
Yahoo has agreed to pay $80 million to settle a federal securities class action lawsuit following the massive data breaches that compromised the personal information of three billion users.
The suit was filed by several shareholders in January 2017, alleging the web services provider intentionally misled them about its cybersecurity practices, in turn, causing the company’s stock prices to drop.
According to reports, it is still unclear whether the proposed settlement will close the case, as one of the named plaintiffs in the suit did not agree to it.
The settlement includes all those who purchased or acquired Yahoo securities on the open market between April 30, 2013, and Dec. 14, 2016.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information