$350,000,000 Payment To T-Mobile Customers Incoming After Massive Hack and Data Breach Settlement
US phone giant T-Mobile is set to make amends with its customers affected by a devastating data breach, as payments totaling $350 million are on the horizon. The settlement, which was reached in an effort to avoid a lengthy court battle, will provide compensation to those who suffered out-of-pocket losses due to the 2021 breach.
The breach, which exposed sensitive information of approximately 76 million individuals, including names, Social Security numbers, and birth dates, was carried out by John Binns, a US-based hacker based in Turkey. Binns exploited a misconfigured internet-exposed router to gain access to T-Mobile's internal network, using brute force attacks and specialized tools over the course of several weeks starting in early 2021.
Those who suffered losses as a result of the breach will be eligible for payment, with amounts ranging from $25 to $100, depending on their individual circumstances. Californians will receive an additional $100 without needing to take any further action. The payments are expected to begin in April and can be claimed by customers through the T-Mobile Data Breach Settlement website or by calling 1-833-512-2314.
The settlement was reached as part of a class-action lawsuit that T-Mobile decided not to pursue in court, opting instead for a negotiated resolution. The outcome is a significant victory for those affected by the breach, who will finally receive the compensation they deserve.
It's worth noting that this development is an important reminder of the importance of cybersecurity and data protection measures, particularly for large corporations like T-Mobile. As technology continues to evolve at breakneck speed, it's essential that companies prioritize the security and confidentiality of their customers' sensitive information.
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