Millions of T-mobile customers affected by a massive hack and data breach are beginning to receive their share of a $350 million class action settlement.

According to the settlement administrator, the distribution of settlement payments has now begun and will continue over the next several weeks.

The 2021 cyberattack compromised the personal data of a staggering 76 million US customers, exposing names, addresses, Social Security numbers, and other sensitive information.

T-Mobile agreed to the settlement in July of 2022 to resolve claims from the August 2021 breach.

Customers eligible for payments will receive a digital deposit or paper check based on their selection during the claim process, with amounts ranging from $25 to $100, with some eligible for up to $25,000 for substantial documented losses.

The settlement also includes two years of free identity protection services for affected customers.

The breach, one of the largest in U.S. history, prompted lawsuits accusing T-Mobile of failing to secure customer data.

T-Mobile says it has since enhanced its cybersecurity protocols to prevent future incidents, and the company did not admit to any wrongdoing in the settlement.

 

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The post T-Mobile Customers Begin Receiving $350,000,000 Payout After Major Hack and Class Action Settlement appeared first on The Daily Hodl.

Millions of T-mobile customers affected by a massive hack and data breach are beginning to receive their share of a $350 million class action settlement.

According to the settlement administrator, the distribution of settlement payments has now begun and will continue over the next several weeks.

The 2021 cyberattack compromised the personal data of a staggering 76 million US customers, exposing names, addresses, Social Security numbers, and other sensitive information.

T-Mobile agreed to the settlement in July of 2022 to resolve claims from the August 2021 breach.

Customers eligible for payments will receive a digital deposit or paper check based on their selection during the claim process, with amounts ranging from $25 to $100, with some eligible for up to $25,000 for substantial documented losses.

The settlement also includes two years of free identity protection services for affected customers.

The breach, one of the largest in U.S. history, prompted lawsuits accusing T-Mobile of failing to secure customer data.

T-Mobile says it has since enhanced its cybersecurity protocols to prevent future incidents, and the company did not admit to any wrongdoing in the settlement.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post T-Mobile Customers Begin Receiving $350,000,000 Payout After Major Hack and Class Action Settlement appeared first on The Daily Hodl.