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US phone giant T-Mobile is about to send $350 million to customers affected by a devastating data breach.

A new update on the T-Mobile Data Breach Settlement website says payments will begin in April.

The 2021 breach affected about 76 million people, exposing sensitive information like names, Social Security numbers and birth dates.

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Those who faced out-of-pocket losses could claim up to $25,000, while others may receive $25 – or $100 for Californians – with no additional steps required for eligible class members.

The data breach was executed by John Binns, an American hacker based in Turkey who exploited a misconfigured internet-exposed router to access the company’s internal network.

Over weeks starting in early 2021, he used brute force attacks and specialized tools to breach the company’s servers.

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The payments are the result of a class action lawsuit that T-Mobile decided to settle rather than fight in court.

People who used T-mobile in 2021 can reach out to the administrator on the settlement’s website or call 1-833-512-2314.

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FinSmart team

FinSmart is your go-to platform for "smart finance", where we break down complex financial topics simply and clearly. We help you navigate the financial world with confidence

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