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On October 22, an email service provider agreed to pay $50 million to settle a class action in the Northern District of California related to a trio of data breaches involving unauthorized access to usernames, passwords, and other private data of up to three billion email user accounts worldwide. The settlement still needs to be approved by the district court. The settlement would require the company to establish a $50 million non-reversionary settlement fund and provide at least two years of credit monitoring and identity theft-protection services for all settlement class members.
The original article (and image) was originally posted here: http://www.mondaq.com/unitedstates/x/768734/data+protection/Technology+Company+Strikes+50+Million+Settlement+In+Data+Breach+Litigation