Ashley Madison is the world’s most open-minded and discreet dating community.
The agreed-upon settlement fund will, among other things, provide payments to members of the lawsuits who submit valid claims of losses stemming from the data breach and other misrepresentations.
News first broke about the data breach in July 2015 when hackers published 40 MB of sensitive internal data stolen from then-Avid Life Dating pertaining to Ashley Madison, an online casual encounter service.
In the months that followed, those responsible for the hack ultimately dumped the personal information for more than 30 million of its customers online.
Account credentials were not verified for accuracy during this timeframe and accounts may have been created using other individuals’ information.
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