Back To Top

 T-Mobile to pay $350 million in data breach affecting 77 million users

T-Mobile to pay $350 million in data breach affecting 77 million users

T-Mobile to pay out $350 million. Following its disclosure last August that personal data like social security numbers had been stolen in a cyberattack, T-Mobile has agreed to pay $350 million to customers affected by a class action lawsuit. Claims by class members, legal fees for plaintiffs’ counsel, and settlement administration costs are all covered by the funds, according to an SEC filing on Friday from the mobile phone company. It also announced that it would invest $150 million in data security and other technologies over the next year and in 2023.

T-Mobile to pay out $350 million

According to T-Mobile: 

There is no admission of liability, wrongdoing, or responsibility by any of the defendants in the agreement. The terms of the settlement are expected to be approved by the court as early as December 2022, according to the company. The breach affected nearly 80 million people in the United States. Names and information from driver’s licences and other forms of identification were also stolen, in addition to Social Security numbers. T-Mobile, based in Bellevue, Wash., became one of the country’s three largest cellphone service providers in 2020 after acquiring Sprint. After the merger, it claimed to have 102.1 million total customers in the United States.

Second Quarter

During the second quarter, T-Mobile expects to record pre-tax charges of about $400 million. The terms of the settlement are expected to be approved by the court as early as December 2022, according to the company. The breach affected nearly 80 million people in the United States. Names and information from driver’s licences and other forms of identification were also stolen, in addition to Social Security numbers. T-Mobile, based in Bellevue, Washington, became one of the country’s three largest cell phone service providers in 2020 after acquiring Sprint. After the merger, it claimed to have 102.1 million customers in the United States. During the second quarter, T-Mobile expects to record pre-tax charges of about $400 million.

Also Read: 

Dish’s Boost Mobile unveils its first customised 5G phone for under $300

The Growth of Mobile Shopping and the Rise of Headless Commerce Platforms

Pixel Buds Pro Release Date, Audio Cutouts, Features, Design, Sound

New Nokia Mobile 5G smartphone (Nokia X50) with 108MP rear camera

T-Mobile to pay out $350 million

FAQs:

Q1: Is AT&T the parent company of T-Mobile?

As of March 20, 2011, the merger between AT&T and T-Mobile was officially announced. AT&T would acquire T-Mobile for $39 billion in cash and stock.

Q2: Which is less expensive  ATT or T-Mobile?

Yes, in the vast majority of cases. Plans from T-Mobile and AT&T often have similar features, but T-are Mobile’s are about $5 less expensive and have higher data caps. And if you sign up for a family plan with T-Mobile, you’ll save even more money.

Q3: Is T-Mobile a subsidiary of Verizon?

A $3.3 billion deal sees T-Mobile acquire Verizon’s wireless spectrum

T-Mobile to pay out $350 million

Q4: What should I do, if my t-mobile is not found?

  1. Sign in to Lookout.com using your Lookout credentials.
  2. Activate the Find My Device section. The location of your device appears on the screen if it can be found.
  3. Even if your device is set to silent, pressing the Scream alarm button will produce a loud alarm sound. A loud scream can be heard from a distance.

Q5: Why does it say AT & T, when it  has T-Mobile service?

Both AT&T and T-Mobile have mutual roaming agreements that allow their customers to use each other’s services when their home carrier is unavailable. In other words, it appears that you have no AT&T signal in your basement, but T-mobile is available.

Jennie Marquez

Jennie Marquez

Jennie B. Marquez is a TV presenter, writer, and video producer. Also, Khaleesi, despite the fact that she does not legally control any land, army, or dragons. Yet.
Prev Post

Pixel Buds Pro Release Date, Audio Cutouts, Features, Design, Sound

Next Post

How to Keep Your Device Safe in 2022: The Latest Security Tips

post-bars

Leave a Comment