Endpoint

9/17/2018
02:55 PM
50%
50%

Yahoo Class-Action Suits Set for Settlement

Altaba tells SEC it will incur $47 million to settle consumer litigation for massive Yahoo data breaches.

The consumer class-action litigation cases against Yahoo in the wake of its epic data breaches are expected to be settled for $47 million.

Altaba, the holding company that retains what's left of the company in the wake of Verizon's purchase of Yahoo, this week said in a filing with the US Securities Exchange Commission that it has reached an agreement in principle to settle the lawsuits.

"We have also received final court approval of the securities class action settlement, and we have negotiated an agreement to settle the shareholder derivative litigation (subject to court approval). We estimate that the Company will incur an incremental net $47 million in litigation settlement expenses to resolve all three cases," Altaba said in its filing. "Together, these developments mark a significant milestone in cleaning up our contingent liabilities related to the Yahoo data breach."

Read more here  and here.

 

Black Hat Europe returns to London Dec 3-6 2018  with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
9/18/2018 | 9:40:54 AM
Security: Cost Savings vs Revenue Creating
When asked to validate the value of a proper security function at organizations I allude to cost savings as for most organizations security is not a revenue creating entity. Here is a perfect example as to what a major breach can escalate to if the organization is not appropriately secured and in this case when incident response is not followed correctly.
printa0009
50%
50%
printa0009,
User Rank: Apprentice
9/18/2018 | 6:14:06 AM
great information
This really a great information I also read some information on  Router Support here also mentioned some information which is also very interesting.
Valentine's Emails Laced with Gandcrab Ransomware
Kelly Sheridan, Staff Editor, Dark Reading,  2/14/2019
High Stress Levels Impacting CISOs Physically, Mentally
Jai Vijayan, Freelance writer,  2/14/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
How Enterprises Are Attacking the Cybersecurity Problem
How Enterprises Are Attacking the Cybersecurity Problem
Data breach fears and the need to comply with regulations such as GDPR are two major drivers increased spending on security products and technologies. But other factors are contributing to the trend as well. Find out more about how enterprises are attacking the cybersecurity problem by reading our report today.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-8396
PUBLISHED: 2019-02-17
A buffer overflow in H5O__layout_encode in H5Olayout.c in the HDF HDF5 through 1.10.4 library allows attackers to cause a denial of service via a crafted HDF5 file. This issue was triggered while repacking an HDF5 file, aka "Invalid write of size 2."
CVE-2019-8397
PUBLISHED: 2019-02-17
An issue was discovered in the HDF HDF5 1.10.4 library. There is an out of bounds read in the function H5T_close_real in H5T.c.
CVE-2019-8398
PUBLISHED: 2019-02-17
An issue was discovered in the HDF HDF5 1.10.4 library. There is an out of bounds read in the function H5T_get_size in H5T.c.
CVE-2019-8400
PUBLISHED: 2019-02-17
ORY Hydra before v1.0.0-rc.3+oryOS.9 has Reflected XSS via the oauth2/fallbacks/error error_hint parameter.
CVE-2019-7399
PUBLISHED: 2019-02-17
Amazon Fire OS before 5.3.6.4 allows a man-in-the-middle attack against HTTP requests for "Terms of Use" and Privacy pages.