T-Mobile begins distributing $350 million in data breach settlement, having previously paid $33 million to encrypted users due to SIM card attacks.

On June 8, T-Mobile, an American company under Deutsche Telekom, began distributing $350 million in settlement funds from a class-action lawsuit to millions of customers affected by the massive hacker attack and data breach in 2021. The distribution of the settlement funds has begun and will continue over the next few weeks. The 2021 cyberattack exposed personal data of approximately 76 million American customers, including names, addresses, social security numbers, and other sensitive information.

T-Mobile agreed to this settlement in July 2022, and eligible customers will receive digital deposits or paper checks ranging from $25 to $100 based on their selection in the claims process, with some users eligible for up to $25,000 due to documented significant losses. The settlement also includes two years of free identity protection services for affected customers. T-Mobile stated that it has strengthened its cybersecurity protocols to prevent future incidents, but did not admit any wrongdoing in the settlement.

Previously, due to SIM card attacks leading to cryptocurrency theft, T-Mobile was ordered to pay $33 million in a lawsuit in March of this year.