RiskLens Fast Facts on Cyber Risk in the Telecommunications Industry

On July 22, 2022, T-Mobile agreed to settle the class action suit brought on behalf of 76 million customers whose PII was stolen in a data breach in 2021. Under the terms of the settlement, the cellphone carrier would pay $350 million on claims by class members and their attorneys. The plaintiffs could be paid up to $25,000 for out-of-pocket losses and $25 an hour for their time dealing with those losses, and receive two years of identity theft …

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