T-Mobile has agreed to a $350 million settlement for its huge data breach in 2021

T-Mobile has agreed to a $350 million settlement for its huge data breach in 2021

T-Mobile has agreed to pay $500 million to resolve a class-action lawsuit stemming from the 2021 hack, which it claims exposed the personal information of 76.6 million US people. T-Mobile will pay $350 million into a settlement fund for lawyers, costs, and, of course, people who submit claims, according to the proposed deal filed on Friday, which you can read in full below. In addition to what it had already budgeted for, it will be compelled to spend $150 million on “data security and related technology” in 2022 and 2023.