Tech companies are entrusted with our sensitive data, but breaches can happen. AT&T’s $177 million settlement addresses two major breaches affecting millions of customers. The company denies wrongdoing but settled to avoid prolonged legal costs. Customers must submit claims by December 18, 2025, for potential payouts up to $7,500.

In March 2024, AT&T revealed data exposure of 7.6 million current and 65.4 million former customers. A second breach involved unauthorized downloads of call and text data. The $177 million settlement splits into $149 million for the first breach and $28 million for the second, with payouts depending on documented losses.

Affected customers have until December 18, 2025, to submit claims for potential compensation. The settlement highlights the financial and reputational risks of data breaches for companies, emphasizing the importance of cybersecurity and early disclosure. The settlement is significant for affected consumers but modest relative to AT&T’s annual revenue.

Read more at Yahoo Finance: AT&T data breach class action settlement could pay customers $7,500