While T-Mobile has not officially accepted any wrongdoing, the $350 Million T-Mobile class action settlement fund aims to resolve consumer issues by providing relief in the form of monetary damages, as well as internal changes to T-Mobile security policies moving forward. While the total damages are estimated to exceed the class action settlement fund amount, there was substantial money on the table provided in the Equifax Class Action with at least $600,000,000 promised as payouts via an agreed settlement. The equifax class action allows claimants who were affected by a massive data breach to claim up to $20,000 in losses. That makes this class action settlement the second largest data breach related class action settlement after Equifax's 2017 data breach settlement, which is accepting claims in an extended claim filings period through December 2024. What is the T-Mobile Data Breach Class Action?Ī nearly $500 Million class action settlement has been agreed upon with T-Mobile. The newer settlement is linked to here and its claim deadline is estimated to be at least in May of 2023. That data breach settlement is separate from the larger one tha took place in 2021, discussed below. T-Mobile and Experian Data Breach SettlementĪ $16 Million class action has been settled with T-Mobile and Experian as of 2023 for a data breach that occured in 2015. The Latest T-Mobile Class Action Settlement is Available: Here CNN Sans ™ & © 2016 Cable News Network.Share Estimated Payout: $25 - $100 (Without Proof) Proof Required: No Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The company noted that it began a “substantial, multi-year investment” in 2021 to improve its cybersecurity capabilities and protections. “We will continue to make substantial investments to strengthen our cybersecurity program.” “Protecting our customers’ data remains a top priority,” T-Mobile said in a statement. (TMUS)’s systems and network do not appear to have been hacked. The company says it continues to investigate the breach but believes it is “fully contained.” It also noted T-Mobile (TMUS) was able to discover the source of the breach and stop it a day after the hack was discovered. (TMUS) learned about the data breach, the company said it hired an external cybersecurity team to investigate. It noted that it could be on the hook for “significant expenses” because of the hack, although the company said it doesn’t expect the charges will have a material effect on T-Mobile’s bottom line. The wireless carrier didn’t indicate what it might do to remedy the situation. T-Mobile said it is working with law enforcement and has begun to notify customers whose information may have been breached. Nevertheless, that information can be compiled with other stolen or publicly available information and used by scammers to steal people’s identities or money. T-Mobile said no social security numbers, credit card information, government ID numbers, passwords, PINs or financial information were exposed in the hack. In a regulatory filing Thursday, the company said the hacker stole customer data that included names, billing addresses, emails, phone numbers, dates of birth, T-Mobile account numbers and information describing the kind of service they have with the wireless carrier. T-Mobile said a “bad actor” accessed personal data from 37 million current customers in a November data breach.
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