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.
Related:
Proposed Settlement
SEC Filing