T-Mobile's 2021 Data Breach Leads to $350 Million Settlement

In 2021, T-Mobile experienced a cyberattack that exposed the sensitive information of 76 million customers, including names, addresses, and social security numbers. This breach led to a class action lawsuit, resulting in a $350 million settlement in 2022. This settlement is the second-largest in U.S. history for a data breach, surpassed only by Equifax's $700 million settlement.