T-Mobile To Pay Out $500M Settlement After Massive Data Breach

[Firewaller]

Users of T-Mobile would’ve remembered the huge data breach the company faced almost a year ago, when the firm reported it was investigating claims a hacker got into the information of over 100 million customers.

Now, despite refusing to admit any wrongdoing, the carrier has agreed to pay out a US$500 million settlement, of which US$350 million will go to a fund for affected users, and “at least US$150 million” that will be put to enhancing its security measures. 

T-Mobile had previously released a statement saying it was “doubling down” on protecting customers’ data following the incident, including starting a Cybersecurity Transformation Office, linking up with other privacy firms, increasing employee training, and investing “hundreds of millions of dollars” to boost its infrastructure. 

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