T-Mobile Agrees to Pay $350M to Users in Data Breach Settlement

This week, T-Mobile agreed to pay $350 million to settle litigation brought over an August 2021 cyberattack in which a hacker siphoned private information belonging to an estimated 76.6 million people.

According to an SEC filing Friday afternoon, the company also promised to make an additional $150 million investment in data security and related technologies this year and next. The $350 million payout will fund claims by class members, the legal fees of plaintiffs’ counsel, and the costs of administering the settlement.

If the court approves the settlement, it “will resolve substantially all of the claims brought by the Company’s current, former and prospective customers who were impacted by the 2021 cyberattack,” T-Mobile said in its SEC filing.

The Bellevue, Wash.-based wireless carrier will continue to cooperate with various regulators who are separately investigating the incident, according to a T-Mobile spokesperson. “As we continue to invest time, energy, and resources in addressing this challenge, we are pleased to have res

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