T-Cellular Pays $350 Million To Settle Lawsuits Over Huge Data Breach
The kind of information that the bad actor offered varies per person, nevertheless it could embody the title, delivery date and social security quantity for each particular person. T-Mobile received in contact with folks affected by the information leak shortly after it got here to light and offered them two free years of entry to McAfee’s ID Theft Safety Service. Now, they’re also getting monetary compensation, although it is going to likely be just a few dollars at most. While the $350 million settlement may sound substantial, an enormous chunk of that quantity will go in direction of paying off legal fees. The rest will probably be divided amongst tens of thousands and thousands of affected clients. Based on the SEC filing noticed by GeekWire, the company will also spend $a hundred and fifty million on information safety technologies throughout this year and the subsequent.
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