- AT&T settles data breach lawsuit for $177 million.
- 180 million customers affected.
- Settlement awaits judge’s approval.
The agreement highlights the legal and financial repercussions for AT&T while showcasing increased scrutiny over data protection practices.
Settlement Details and Implications
AT&T settles a significant data breach case for $177 million, impacting personal information of customers. The settlement splits into two parts, $149 million covers the 2021 breach and $28 million for the 2024 incident.
With Shiny Hunters linked to the breaches, AT&T faces significant implications. The settlement aims to resolve litigation without prolonged court proceedings, although the company denies direct responsibility for the breaches.
The breaches reportedly affected personal identifiable information of millions, but no cryptocurrencies or digital assets were involved. AT&T’s settlement doesn’t affect its overall financial strength given its quarterly revenues.
AT&T reinforced commitments to data protection and plans future investments in security infrastructure. The settlement approval scheduled for late 2025 may influence other telecommunication companies to enhance data protection.
“While we deny the allegations in these lawsuits that we were responsible for these criminal acts, we have agreed to this settlement to avoid the expense and uncertainty of protracted litigation. We remain committed to protecting our customers’ data and ensuring their continued trust in us.” – AT&T spokesperson, AT&T Inc., source
The case demonstrates the importance of robust security measures, especially in telecommunications. Reactions from the community reflect growing demand for better data management, as data security remains a significant challenge for large firms.
