T-Mobile Reaches $500 Million Settlement in Huge 2021 Data Breach

At the time of the breach, T-Mobile said the compromised files included current accounts as well as the records of people who had applied for credit with the company.

In the filing on Friday, lawyers for T-Mobile said the settlement agreement did not mean the company was acknowledging any wrongdoing. The breach was one of many that have occurred in the tech, banking and retail industries in recent years.

The company said in a statement, “As we continue to invest time, energy and resources in addressing this challenge, we are pleased to have resolved this consumer class-action filing.”

Article source: https://www.nytimes.com/2022/07/22/business/t-mobile-hacking-settlement.html