The Challenge
The Yahoo international data breach was one of the largest in history, with an estimated 200 million accounts compromised in 2016. Under the class action settlement terms, Yahoo agreed to enhance and improve the security of its users’ personal information stored on its databases and pay for a $117.5 million settlement fund to those who demonstrated out-of-pocket losses of time and money.
Kroll's Settlement Administration team was engaged in 2019 to provide administration services that included notice and administration, setting up a means for the millions of people affected by the data breach to submit claims for processing, as well as mitigating risk to the Yahoo brand.
Due to its unique size and the sensitive nature of breached personal information, the class action settlement required innovative solutions and technology to administer successfully. In addition, the international aspect of the settlement required advanced notice and administration techniques. Kroll went to work.