You might be due money as part of a significant court settlement if you're a current or former customer of T-Mobile. A 2021 cyberattack that exposed the personal information of millions of subscribers led to a $350 million settlement with T-Mobile.

While the carrier declined to admit wrongdoing, it did say in a statement provided to CNET that it was 'pleased to have concluded this consumer class action case.'

Customers are put first in everything we do, and safeguarding their information is a key concern, according to T-Mobile. 'Like any business, we are not safe from these criminal assaults.'

If given final approval, the accord will surpass Equifax's $700 million payout in 2019 as the second-largest data breach settlement in US history.

T-Mobile announced on August 15, 2021 that a cyberattack had resulted in the loss of millions of people's personal data, including names, residences, birth dates, Social Security numbers, information from driver's licences, and special codes that identify particular phones.

A 21-year-old resident in Turkey named John Binns finally admitted responsibility for the malware, which was the seventh such incident to target T-Mobile since 2015. According to Binns, 'I was terrified because I had access to something significant.' 'They have terrible security.'

According to Reuters, class members — in this example, those who were T-Mobile users in August 2021 — may be eligible for cash compensation of $25 or $100 if they reside in California.

Depending on how many individuals react, it might possibly be far less. The $350 million must be used to settle legal bills and administrative costs in addition to paying out claims. According to court documents, the plaintiffs' attorneys may demand up to 30% of the compensation.