Cybersecurity experts: Apple, Google to pay $300M for stolen data

Cybersecurity specialists from Microsoft and Google have reached an agreement to settle a class-action lawsuit filed by consumers over data theft at Apple, Microsoft and Twitter.

The settlement agreement between the two companies says that they will pay $303 million in damages, the amount of which is not yet disclosed.

The lawsuit claimed that the breach of data of millions of users of these two companies occurred on March 23, 2015, when Apple’s iCloud service was hacked and used by a Chinese company to steal credit card numbers, passwords and other personal data.

Apple and Twitter had agreed to pay up to $1 billion for the data breach, which was caused by a breach of iCloud security and the theft of personal information of at least 200 million iCloud users.

The lawsuit was filed in March 2015, but it was settled in October 2017.

The companies agreed to set up a settlement fund for consumers to seek damages, as well as to pay a $300 million judgment against the Chinese company.