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It could be several months before individuals find out if they will receive money from the settlement, TechCrunch reported.Īfter being notified, customers will have 90 days to submit claim forms or request to opt out of the settlement. Once customers are notified, they are then given 90 days to submit claim forms or request to opt out of the settlement and reserve the right to pursue their own separate legal claims, according to court papers.

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Read more: How to Protect Your Personal Data After a Security Breach (Full disclosure: This reporter was a T-Mobile customer at that time.) Typically class members are notified they are eligible by mail.

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T-Mobile has not released the full details of its payment plan. How do I find out if I qualify for a payment from T-Mobile?

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T-Mobile is also offering two free years of McAfee's ID Theft Protection Service to anyone who believes they may have been a victim of the hack. Separately, some people could receive as much as $25,000 to cover losses they suffered as a direct result of the breach. The plaintiffs' lawyers may charge up to 30% of the settlement, according to court filings. In addition to paying out claims, the $350 million has to go toward settling legal fees and administrative costs. It could also be substantially less, depending on how many people respond.

How much money could I receive from the settlement?Ĭlass members - in this case, people who were T-Mobile customers in August 2021 - could receive cash payments of $25, Reuters reported, or $100 if they are California residents. It also stipulates that T-Mobile invest $150 million in improving data security.Ĭyberattacks aside, T-Mobile still expects to add 6 million to 6.3 million new customers this year - making it the industry leader in subscriber growth over rivals AT&T and Verizon. The July 24 settlement, filed in the US District Court for the Western District of Missouri, merges at least 44 class-action suits that claimed T-Mobile was lax with its cybersecurity. 'I was panicking because I had access to something big,' Binns told The Wall Street Journal. John Binns, a 21-year-old living in Turkey, eventually took responsibility for the cyberattack, the fifth such attack that has hit T-Mobile since 2015. We'll explain what you need to know about the T-Mobile data-breach settlement, including who is eligible for a check, how much they might get and when the money could arrive.Ī post shared by CNET how many people were hacked and how they were impacted is unclear: According to court filings, approximately 76.6 million people had their data exposed, but T-Mobile has claimed only about 850,000 people's names, addresses and PINs were 'compromised.'Īn individual selling the information on the dark web for 6 bitcoin (approximately $277,000 at the time) told Vice they had data relating to over 100 million people, all compiled from T-Mobile servers. If given final approval, the agreement will be the second-largest data breach settlement in US history, following Equifax's $700 million settlement in 2019. 'Like every company, we are not immune to these criminal attacks.' 'Customers are first in everything we do and protecting their information is a top priority,' T-Mobile said. T-Mobile hasn't acknowledged any wrongdoing, but in a statement shared with CNET, said it was 'pleased to have resolved this consumer class action filing.' The mobile carrier has agreed to a $350 million payout to settle litigation over the break-in. As a result of the massive data breach, current and past customers may be owed money from the settlement of a multimillion-dollar class-action lawsuit.

A cybercriminal hacked T-Mobile in 2021, exposing millions of users' personal information.