T-Mobile to pay customers $350 million over data breach

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If you were one of the nearly 77 million people affected by last year’s T-Mobile hack, you can get a few dollars. The company just announced the terms of the settlement for a joint class action lawsuit, and it’s not cheap: $350 million to be split between clients (and lawyers), plus $150 million “for data security and related technology.” Let this be a lesson to all companies: if you’re ready, you don’t have to spend $150 million to get ready!

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The breach appears to have taken place early last year, after which collections of T-Mobile customer data were put up for sale on various crime forums. Estimates of how many people have been affected have varied: T-Mobile has claimed fewer accounts and fully disclosed PINs (still not very many), and the total number of users with some data is between 40 million and 100 million.

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The village described in filing with the US Securities and Exchange Commission as well as lawsuit (PDF) the first seen by Geekwiredoes not appear to have separate terms for people differently affected by the hack, but this may have been handled separately to the best of our knowledge. For now, the class defined in the settlement document is “the approximately 76.6 million U.S. residents identified by T-Mobile whose information was compromised in a data breach,” with little additional legal language for Californians where class actions are handled by several otherwise.

As is common in these giant lawsuits, the lawyers bite hard and then the company has to warn the band members that they are owed money, so you can expect a postcard if you were a T-Mobile customer in August 2021 (in the interest of full disclosure, I was). Then the money is divided depending on how many people answer and how many lawyers they take. The final terms of the settlement could be approved as early as December.

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You probably won’t even be able to cover one monthly cell phone bill with what you get, but these days a $9 check can be the difference between “dinner” and “no dinner” for a lot of people, so let’s not scoff. . these small amounts. Except it’s a little insulting have 5 serious violations in so many years and all customers get enough to order from the cost menu.

The company that merged with Sprint shortly before the hack, the SEC said in its filing that it would provide $150 million to improve its security, so it might be taking it seriously now. I think we’ll find out soon.


Credit: techcrunch.com /

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