T-Mobile agrees to pay $350 million in data breach affecting 77 million users

IANS reports:

Telecommunications company T-Mobile has agreed to pay $500 million to settle a class-action lawsuit in a 2021 data breach that impacted nearly 76.6 million users’ data in the US.

T-Mobile will put $350 million into a settlement fund to go to lawyers, fees, and the affected, according to the proposed agreement filled on Friday.

The company will also spend an extra $150 million on “data security and related technology” during 2022 and 2023, reports The Verge.

Read more at Business Standard.

Proposed Settlement
SEC Filing

About the author: Dissent

Comments are closed.