If you got an email about the $117.5 million Yahoo data breach settlement, here are your options

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If you got an email about the $117.5 million Yahoo data breach settlement, here are your options. (via CNBCMakeIt)

You might already be using a site that offers credit monitoring, and if that's the case, you can file a "Alternative Compensation Claim" of up to $100. According to the settlement, the amount of the cash payment paid depends on how many people file for the benefit, similar to what happened last year with the"Everybody probably has free credit monitoring at this point," Steinberg says, adding that companies keep giving credit monitoring out after data breaches.

Additionally, you'll need to provide the name of the credit monitoring service you're using, when you started using it and how long you expect to keep it in place. As with option 1, you have until July 20, 2020 to file a claim.If you don't want to participate in the settlement, but you still want to preserve your future right to sue Yahoo, you have until March 6, 2020 to send in a letter stating your intent.

You need to include your signature or an electronic signature through DocuSign. An attorney's signature or a typed signature is not sufficient.

 

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MakeIt '..considering there are 194 million potential class members. If just a third of these people file a claim, the payout is only $1.84 per person'...

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