T-Mobile agrees to pay $500 million in hacking case

Today, the company collects under the terrifying dreams of almost every company leaking data is located. We experienced a similar situation last August. t–mobileemerged with a hacking event where information from many users was stolen.

In the attack on T-Mobile, millions of subscriber data were stolen and attempted to be sold on hacker forums. Following this major vulnerability, a class action lawsuit was filed against T-Mobile. In order not to prolong this process, the company way to act to go.

$500 million deal

In the incident that took place in August 2021 T-Mobile’s According to the statement, the information of 47.8 million subscribers and according to some sources about 100 million subscribers was stolen. It was alleged that most of this data belonged to those who had applied or applied through intermediaries in previous years.

According to the agreement with the court, the data was stolen. 76.6 million The American was impressed. T-Mobile, which is accused of failing to adequately protect its customers’ data and having inappropriate data security practices, has struck a deal, though it denies these allegations. Still, the company said this deal should not be construed as an admission of guilt.

The $500 million fee to be paid by T-Mobile under the agreement. 350 million $ will be transferred to a fund that will be used to cover the damages of the people damaged by the data breach. In addition, the attorney’s fees are reimbursed here. The remaining money will be earned by the company this year. in addition to security costs will be used for new security measures. On the other hand, although such an offer has come from the prosecutor, it will not be enough for T-Mobile to accept it and the judge is expected to approve the offer.