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Falanx Group Ltd

Yahoo breach settlement

Yahoo has announced that a series of data security intrusions and breaches exposed the personal information from more than three billion accounts from 2013 to 2016. Now, the company has agreed to a $117.5 million settlement.

Under the terms of the settlement announced Wednesday, Yahoo has agreed to establish a settlement fund that will underwrite free credit monitoring or alternative compensation for those who already have credit monitoring services, and out-of-pocket costs for losses related to the data breaches.

Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.