Payday could come by the end of the year for people impacted in T-Mobile’s 2021 data breach.
Last August, the company started investigating a cybersecurity attack that compromised social security numbers, driver’s license information, and other personal data for the millions affected. A class action lawsuit followed.
In the proposed agreement released on Friday, T-Mobile agreed to $350 million in payments to class members and another $150 million for “data security and related technology,” according to the filing. However, the company specified that the agreement should not be considered an admission of any wrongdoing.
Who will receive settlement payments?
T-Mobile identified about 76.6 million U.S. residents affected in the 2021 data breach. This group includes current and “former or prospective” customers, the company confirmed.
How much will they receive?
Though the filing does not make clear how much each class member will receive, it says each individual cannot request more than $2,500. These payments to class members will come from the $350 million fund, but this fund will also cover the legal fees associated with the settlement.
What happens next?
Now that T-Mobile has agreed to the settlement, it could be approved “as early as December 2022 but could be delayed by appeals or other proceedings,” per the Securities and Exchange Commission filing.
The company released a statement on Friday regarding the settlement, saying it is “pleased to have resolved this consumer class action filing.” The company pointed to its intensified efforts to strengthen cybersecurity, including the formation of its Cybersecurity Transformation Office.
“Customers are first in everything we do and protecting their information is a top priority,” the statement included.
Login to add comment
Other posts in this group
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that th
Meta is setting up a new California-focused political action committee (PAC) to back s
The U.S. Army is turning to sponcon to reach Gen Z.
Steven Kelly, who has more than 1.3 million Instagram followe
EDITOR’S NOTE — This story includes discussion of suicide. If you or someone you know needs help, the national suicide and crisis lifeline in the U.S. is available by calling or texting 988.
Meghan, Duchess of Sussex’ latest season of her reality show, With Love, Meghan, drops today on Netflix. In line with the stream
For understandable reasons, most technology coverage tends to focus more on the physical or visual
