T-Mobile Reaches $500 Million Settlement in Huge 2021 Data Breach

T-Cell has agreed to a settlement totaling $500 million in a class-action lawsuit filed by prospects after the corporate disclosed in August that delicate information had been breached in a cyberattack.

In a court docket submitting late Friday, the cell phone large mentioned it will pay $350 million to settle the purchasers’ claims and spend $150 million over the subsequent few years bolstering its cybersecurity safety and applied sciences.

The breach affected 76.6 million folks in the USA, in keeping with the corporate. It uncovered extremely delicate information, together with prospects’ first and final names, Social Safety numbers and driver’s license info.

It was not clear how a lot particular person T-Cell prospects would obtain from the settlement, although the proposed settlement, filed in U.S. District Court docket for the Western District of Missouri, stipulates that particular person funds can’t exceed $2,500.

On the time of the breach, T-Cell mentioned the compromised information included present accounts in addition to the information of people that had utilized for credit score with the corporate.

Within the submitting on Friday, legal professionals for T-Cell mentioned the settlement settlement didn’t imply the corporate was acknowledging any wrongdoing. The breach was certainly one of many who have occurred within the tech, banking and retail industries in recent times.

The corporate mentioned in an announcement, “As we proceed to take a position time, vitality and sources in addressing this problem, we’re happy to have resolved this client class-action submitting.”