Massive T-Mobile Data Breach , To Result in $350 Million Settlement.<br />CNN reports T-Mobile will pay $350 million <br />to settle a class action lawsuit, stemming from a massive data breach in 2021.<br />The data breach reportedly affected <br />tens of millions of customers.<br />On July 22, T-Mobile agreed to allocate an extra $150 million towards cybersecurity through the end of 2023.<br />Over 76 million U.S. customers affected by the breach will be part of the proposed class action lawsuit.<br />The company says they believe a hacker stole the information of nearly 53 million current, former or prospective customers.<br />Customers are first in everything we do and protecting their information is a top priority. , Statement from T-Mobile, via CNN.<br />Like every company, <br />we are not immune to <br />these criminal attacks. , Statement from T-Mobile, via CNN.<br />Our efforts to guard against them continue and over the past year we have doubled down on our extensive cybersecurity program. , Statement from T-Mobile, via CNN.<br />T-Mobile has reportedly created a "cybersecurity transformation office," and hired outside consulting firms "to design strategies and execute plans.".<br />Experts say the settlement should <br />be approved by December 2022
