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

The company, which said the hacking had affected 76.6 million people, agreed to pay $350 million to settle claims and spend $150 million to bolster security.

By Michael Corkery

T-Mobile has agreed to a settlement totaling $500 million in a class-action lawsuit filed by customers after the company disclosed in August that sensitive data had been breached in a cyberattack.

In a court filing late Friday, the mobile phone giant said it would pay $350 million to settle the customers' claims and spend $150 million over the next few years bolstering its cybersecurity protection and technologies.

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