T-Mobile US has agreed to pay $350m to settle class action claims related to a 2021 cyber-attack which impacted an estimated 80 million US residents. A filing with the Securities and Exchange Commission (SEC) on Friday explained that the money would be used to “fund claims submitted by class members, the legal fees of plaintiffs’ counsel and the costs of administering the settlement.” The mobile carrier, one of the country’s largest after its acquisition of Sprint in 2020, said it would also put an additional $150m into data security and “related” technology in 2022 and 2023.

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