T-Mobile agrees to $350 million settlement over its massive 2021 data breach - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/07\/23\/t-mobile-agrees-to-350-million-settlement-over-its-massive-2021-data-breach\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T-Mobile agrees to $350 million settlement over its massive 2021 data breach - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: T-Mobile has agreed to pay $500 million to settle a class-action lawsuit stemming from the 2021 hack that it says exposed around 76.6 million US residents\u2019 data. 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\n

T-Mobile has agreed to pay $500 million to settle a class-action lawsuit stemming from the 2021 hack<\/a> that it says exposed around 76.6 million US residents\u2019 data. According to the proposed agreement filled on Friday, which you can read in full below, T-Mobile will put $350 million into a settlement fund to go to lawyers, fees, and, of course, to people who file claims. It\u2019ll also be obligated to spend $150 million on \u201cdata security and related technology\u201d during 2022 and 2023, in addition to what it had already budgeted for.<\/p>\n
In August, the company announced<\/a> that its systems had been breached, following reports<\/a> that Social Security numbers, names, addresses, and driver\u2019s license information for over 100 million of its customers was for sale. While the number proved to be slightly inflated, T-Mobile\u2019s figure of how many people were impacted continued to rise<\/a> over the rest of the month. T-Mobile\u2019s CEO called this security breach \u2014 its fifth in four years<\/a> \u2014 \u201chumbling.\u201d<\/p>\n
\nT-Mobile expects this agreement to \u201cresolve substantially all of the claims\u201d stemming from the 2021 breach<\/q><\/aside>\n<\/div>\nThe proposed settlement agreement still has to be approved by a judge, but if it is, T-Mobile will have 10 days to put money in the fund to cover the costs of notifying people who are eligible to claim. According to the settlement, that covers \u201cthe approximately 76.6 million U.S. residents identified by T- Mobile whose information was compromised in the Data Breach,\u201d with a few caveats for some of the carrier\u2019s employees and people close to the judges that presided over the case. In the interest of full disclosure<\/strong>, that could very well mean that I\u2019m eligible to apply for compensation, as I was a T-Mobile customer when the hack occurred.<\/p>\n
The settlement agreement doesn\u2019t contain estimates on how much each claimant can expect to receive, though it\u2019s difficult to estimate that kind of thing until it\u2019s clear how many people will make claims. <\/p>\nThe lawsuit that T-Mobile is hoping to settle here accused the company of failing to protect its past, present, and prospective customers\u2019 data, not properly notifying people who may have been impacted, and overall having \u201cinadequate data security.\u201d T-Mobile denies these allegations in the agreement, saying that the settlement doesn\u2019t constitute an admission of guilt. In a filing with the Securities and Exchange Commission<\/a>, the carrier says it \u201chas the right to terminate the agreement under certain conditions\u201d laid out in the proposed agreement but says that it anticipates having to pay out the claims. <\/p>\n
Outside of this lawsuit, there have been other responses to T-Mobile\u2019s data breach and others like it. The FCC proposed new rules<\/a> surrounding such attacks, which aim to improve how a company communicates with people about their data.<\/p>\n<\/div>\n

<\/br><\/code><\/p>\n
Source: https:\/\/www.theverge.com\/2022\/7\/22\/23274833\/t-mobile-2021-hack-settlement-lawsuit-500-million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Source: T-Mobile has agreed to pay $500 million to settle a class-action lawsuit stemming from the 2021 hack that it says exposed around 76.6 million US residents\u2019 data. According to the proposed agreement filled on Friday, which you can read in full below, T-Mobile will put $350 million into a settlement fund to go to […]<\/p>\n","protected":false},"author":1,"featured_media":10591,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[51,8],"tags":[52],"class_list":["post-10590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","category-technology","tag-mobile"],"yoast_head":"\nT-Mobile agrees to $350 million settlement over its massive 2021 data breach - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/07\/23\/t-mobile-agrees-to-350-million-settlement-over-its-massive-2021-data-breach\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T-Mobile agrees to $350 million settlement over its massive 2021 data breach - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: T-Mobile has agreed to pay $500 million to settle a class-action lawsuit stemming from the 2021 hack that it says exposed around 76.6 million US residents\u2019 data. 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