$TMUS $350 Million Data Breach Settlement

CNN Business headline: T-Mobile agrees to pay customers $350 million in settlement over massive data breach

By Brian Fung, CNN

Updated 10:49 AM ET, Mon July 25, 2022


Washington (CNN Business)T-Mobile has agreed to pay $350 million to settle multiple class-action suits stemming from a data breach disclosed last year affecting tens of millions of people.

In the proposed settlement announced Friday, T-Mobile also agreed to spend an extra $150 million on cybersecurity through the end of 2023. Court documents outlining the proposed agreement were filed in the US District Court for the Western District of Missouri.

More than 76 million US residents affected by the breach will be part of the proposed class, according to a court filing accompanying the settlement agreement. During its initial disclosures surrounding the breach, T-Mobile had said it believed a hacker had stolen information on about 53 million current, former or prospective customers. The company began investigating the breach in August 2021 after Vice reported claims made on an underground online forum offering T-Mobile customer data for sale.

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