The value of that settlement had been pegged at $50 million, but Koh questioned the calculations. A more detailed breakdown used in the revised settlement drove up the estimated cost. And now the $117.5 million settlement could become largest amount ever doled out for a data breach, a recurring problem in an increasingly digitally driven world. "We believe that the settlement demonstrates our strong commitment to security," Verizon said in a statement. A hearing on the revised settlement is scheduled for June 27.

Source: ABC News April 10, 2019 19:16 UTC