Hyundai will pay $200 million after a TikTok challenge exposed a huge security flaw

Hyundai is putting a relatively quick end to a class-action lawsuit over a viral TikTok car theft challenge. The automaker has agreed to pay a settlement worth up to $200 million to compensate roughly 9 million US Hyundai and Kia owners. About $145 million is earmarked for out-of-pocket losses for customers whose cars were stolen or damaged and weren't covered by insurance. The companies also say they'll cover insurance deductibles, higher insurance premiums and other related expenses.