The hack is costing the company big. | Illustration by Alex Castro / The Verge
T-Mobile has agreed to pay $500 million to settle a class-action lawsuit stemming from the 2021 hack that it says exposed around 76.6 million US residents’ data. According to the proposed agreement filled on Friday, which you can read in full below, T-Mobile will put $350 million into a settlement fund to go to lawyers, fees, and, of course, to people who file claims. It’ll also be obligated to spend $150 million on “data security and related technology” during 2022 and 2023, in addition to what it had already budgeted for.
In August, the company announced that its systems had been breached, following reports that Social Security numbers, names, addresses, and driver’s license information for over 100 million of its customers was for…
