T-Mobile settles to pay $350 million to customers in data breach

T-Mobile has agreed to pay for the data theft in August.

T-Mobile has agreed to pay $350 million

to customers affected by a class action lawsuit filed

after the data theft was revealed last August.

During the hearing of the Securities and Exchange Commission, the company said that they will give the money.

the funds would pay for claims by class members, the legal fees of plaintiffs’ counsel and the costs of administering the settlement.

It also said it would spend $150 million next year .

and in 2023 to fortify its data security and other technologies