T-Mobile agrees to pay $350 mn in data breach affecting 77 mn users

Telecommunications company T-Mobile has agreed to pay $500 million to settle a class-action lawsuit in a 2021 data breach that impacted nearly 76.6 million users’ data in the US.

T-Mobile will put $350 million into a settlement fund to go to lawyers, fees, and the affected, according to the proposed agreement filled on Friday.

The company will also spend an extra $150 million on “data security and related technology” during 2022 and 2023, reports The Verge.

In August last year, the company admitted its systems were hacked into, including social security numbers, names, addresses, and driver’s license information.