T-Mobile Agrees to $500M Settlement in Data Breach Case

T-Mobile reached a settlement with plaintiffs Friday of a class-action lawsuit in the U.S. District Court for the Western District of Missouri, the carrier said in a filing at the SEC. The breach a year ago included information from about 7.8 million current T-Mobile postpaid customer accounts and the records of more than 40 million former or prospective customers, the carrier said then (see 2108180062). T-Mobile agreed to pay $350 million to pay claims “submitted by class members, the legal fees of plaintiffs’ counsel and the costs of administering the settlement” and $150 million “for data security and related technology in 2022 and 2023.”