The Yahoo breach payout deadline of July 20 is fast approaching. Here’s how to find out if you are eligible for a payout and file a claim.
It seems a long time ago now, but many people are still feeling the hit from the two breaches of Yahoo—which impacted 3 billion users’ sensitive personal information.
You’ll probably know by now that the impact of the breaches has led Yahoo to agree to a payout of up to $25,00 per person affected by the cyberattack, as part of a $117.5 million settlement for 194 million people.
The deadline to apply for a payout—July 20—is fast approaching, so now’s the time to get your claim in. Here are the details including who is eligible, what you are entitled to, and how you can claim.
Who is eligible for a payout?
First things first, you are eligible for a payout from the breach if you are a citizen residing in either the U.S. or Israel and had a Yahoo account between January 1 2012 and December 31 2016. And it’s not just email accounts—the settlement includes Tumblr, Yahoo Fantasy Sports, Yahoo Finance and Flickr.
Meanwhile, those who had paid accounts, such as businesses, can claim back 25% of what they paid for their Yahoo email.
How much money will I get from the Yahoo breach settlement?
The maximum claim is $25,000 for “out of pocket losses” but in order to get this, you’ll need to prove substantial damage was caused to you by the breach. Yahoo’s settlement site defines this as “lost time, that you believe you suffered or are suffering because of the data breaches.”
Lots of people will qualify for a smaller amount, which is $100 in cash or free credit monitoring. The money in the payout could go higher if less people than expected apply.
You can see how much you’ll be able to claim by visiting the Yahoo settlement website.
What do I need to do to apply?
Once you know you are eligible for a payout, you can simply fill in your claim form on the Yahoo settlement website. If you prefer, you can request a form from the settlement administrator on 844-702-2788, or email info@YahooDataBreachSettlement.com to request these.
You can even mail the forms but just be aware that with the deadline so close, this may not be the ideal way to do it. The mailing address is Yahoo Inc. Customer Data Breach Security Litigation, c/o Settlement Administrator, PO Box 1760, Philadelphia, PA 19105-1760.
The only stipulation is that your claim needs to be received within one week, by July 20.
Once you’ve filed your claim, the payout may take a while to reach you. There is no firm date about when the Yahoo breach settlement payouts will be received, but estimations are that it could take a year.