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.