T-Mobile agrees to pay $500m to end 2021 hack lawsuit

T-Mobile has proposed a settlement of $500 million to end a class-action lawsuit following the August 2021 customer data breach.

In August 2021, it was reported that millions of customer accounts were stolen from T-Mobile, accounts that were then attempted to be sold via hacker forums. In the wake of the major breach, T-Mobile became the subject of a class-action lawsuit, and has come up with a settlement proposal to end the legal activity.At the time, the breach was said to have concerned either 47.8 million accounts or 100 million, with T-Mobile insisting that it was the lower amount. Most of the data was also said to be records of former and prospective customers who had previously applied for credit via the carrier.

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