T-Mobile Agrees to $500 Million Settlement in Cyberattack Affecting 76.6M People

T-Mobile has agreed to a settlement totaling $500 million in a class-action lawsuit filed by customers after the company disclosed in August that sensitive data had been breached in a cyberattack. In a court filing late Friday, the mobile phone giant said it would pay $350 million to settle the customers’ claims and spend $150 million over the next few years bolstering its cybersecurity protection and technologies.