It only takes a few minutes to review this information and you'll get a reward: 2 GB of free Google Drive storage. The nice thing is that Google's bonus storage is not limited to 2 or 3 years like in other Google promotions: it's permanently added to your account. You need to complete the checkup by 17 February 2015 and you'll get the free storage at the end of the month.
"After you've gone through the checkup successfully, you'll see three green checkboxes (see below) that confirm you're eligible for the free storage and, more importantly, that you've taken steps to enhance your online safety. We'll be granting the storage automatically to everyone around 28 February 2015 and we'll send you an email when your adjustment is complete," explains Google. It's worth pointing out that "Google Apps for Work and Google Apps for Education users are not eligible for the bonus storage".
I got 4 green checkboxes for my account: recovery information checked, recent activity checked, access for less secure apps enabled, account permissions checked.
{ via Google Drive blog }
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