T-Mobile agrees to pay $350 million to customers in data breach
Updated: 4:30 pm EDT July 23, 2022
Hello, good to see you. Let’s go straight to the summary first. Every move you make on your phone is being tracked and sold. We have the operator who is doing it and what you need to do to opt out. I’ll walk you through, so Amazon is investing in a *** food delivery app that you probably have on your phone right now and that means discounts for you. And we’re finally heading into one of the biggest shopping events of the year and it’s not just about Amazon cutting prices. I got the scoop on other sales at other retailers that you can get paid first what you make on your phone is about to be sold to third party companies. Now this is for T mobile and sprint customers who have Android smartphones. So if you have an Apple iPhone, you’re fine. This is for T mobile and sprint with an android. It is called the application information program reports. Let’s say your phone carrier is collecting app data that advertisers can buy and use to target you with more ads. So what’s collected, things like what apps you have on your phone, how often you use them, and what you browse on the internet, they say your identity will be masked, but you’ll be grouped with other people who have similar apps, data, interests and ads will be targeted to your group. If you want to unsubscribe from the program. They don’t make it easy. Let me walk you through this, you have to go to the google play store, download the other app, the magenta marketing platform options app, follow the instructions. Next, Amazon is getting into the food delivery business. It is investing in Grubhub to be the main competitor to Uber Eats and Doordash. Amazon used to have a *** food delivery app called Amazon restaurants. It was so small, I don’t remember, it closed in 2019 because it couldn’t compete with Uber Eats and Doordash. But now they are, Amazon is investing in grubhub to get the job done. The company has just announced that main subscriber. So if you have Prime, you can now get a *** subscription to grubhub for free. It usually costs around $10*** a month to be a part of the loyalty program and with that you get access to free delivery on certain orders, deep discounts, coupons, even free food. Finally, Amazon Prime Day is coming up, but that’s not the only retailer offering great deals, goals like no, we won’t let you own July 12 and 13. Target is holding sale days from July 11-13. Take that amazon what will be on sale? Target is announcing great things, 40% off kitchen appliances, up to 50% off clothing and toys, even tech like headphones, you can even save $70 on Apple, Walmart, and Best Buy products, also cutting prices and offering significant discounts during the week as well. So if you see something on Amazon Prime Days, it’s on sale. Check these other retailers to make sure you’re getting the best price and buy that one. That’s all for today back to you.
T-Mobile has agreed to pay $350 million to customers affected by a class action lawsuit filed after the company revealed last August that personal data, such as Social Security numbers, had been stolen in a cyberattack. The phone company said the funds would pay class members’ claims, plaintiffs’ attorneys’ legal fees and settlement administration costs. It also said it would spend $150 million next year and in 2023 to strengthen its data security and other technologies. T-Mobile said the settlement contains no admission of liability, misconduct or liability on the part of any of the defendants. The company said it expects court approval of the settlement terms in December 2022. Nearly 80 million US residents were affected by the breach. In addition to Social Security numbers, other information breached included names and information from driver’s licenses or other identification. Bellevue, Washington-based T-Mobile became one of the nation’s largest cell phone service providers, along with AT&T and Verizon, after acquiring rival Sprint in 2020. It reported having a total of 102 .1 million customers in the US after the merger. T-Mobile said it expects to record a total pre-tax charge of about $400 million in the second quarter of this year.
T-Mobile agreed to pay $350 million to customers affected by a class action lawsuit filed after the company revealed last August that personal information as if social security numbers had been stolen in a cyber attack.
At a Securities and Exchange Commission presentation on friday, the mobile phone company said the funds would pay class members’ claims, plaintiffs’ attorneys’ legal fees and settlement administration costs. It also said it would spend $150 million next year and in 2023 to strengthen its data security and other technologies.
T-Mobile said the settlement contains no admission of liability, misconduct or liability on the part of any of the defendants.
The company said it awaits court approval of the terms of the deal beginning in December 2022.
Nearly 80 million US residents were affected by the breach. In addition to Social Security numbers, other information breached included names and information from driver’s licenses or other identification.
Bellevue, Washington-based T-Mobile became one of the nation’s largest cell phone carriers, along with AT&T and Verizon, after acquiring rival Sprint in 2020. It reported a total of 102.1 million US customers after the merger.
T-Mobile said it expects to post a total pre-tax charge of about $400 million in the second quarter of this year.