How to get $358 in Yahoo data-breach settlement

If approved, deal would cover accounts hacked between 2013 and 2016

Yahoo! Corporate Headquarters in Sunnyvale, Calif., on Tuesday, Jan. 20, 2015. (LiPo Ching/Bay Area News Group)
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If you had a Yahoo account between 2012 and 2016, you might be line to get some extra cash in your wallet.

As part of a proposal to settle multiple security breaches, Yahoo is offering to set up a $117.5 million fund that would pay up to $358 to anyone who had their accounts hacked between 2013 and 2016. The breaches affected 3 billion Yahoo users who had their names, email accounts and passwords exposed over the three-year period.

Yahoo set up a website with information for how to file a claim. Anyone who had a Yahoo account between Jan. 1, 2012 and Dec. 31, 2016 is eligible to seek a payout. Additionally, claimants can also opt to receive two years of free credit monitoring instead of a cash settlement. Yahoo also said that individuals who can show they already use a credit-monitoring service, and will keep that service for a year, can file for a claim of $100.

It’s also possible that someone could seek up to $25,000 in damages if they can show proof of out-of-pocket losses and time that was lost as a result of the data breaches.

The total amount of payouts will depend on how many people file claims with Yahoo, and if the settlement is approved by two California courts that are hearing the cases.

And anyone looking for a check to show up in their mailbox will have to be patient. Claimants have until July 20, 2020 to file a claim and any payouts would likely be at least a year away.

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