T mobile security breach lawsuit8/12/2023 ![]() ![]() Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. ![]() US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The company noted that it began a “substantial, multi-year investment” in 2021 to improve its cybersecurity capabilities and protections. Now, T-Mobile has admitted no guilt but has agreed to pay a 500 million settlement (pending a judge’s approval), out of which 350 million will go to the settlement fund and at least 150. “We will continue to make substantial investments to strengthen our cybersecurity program.” A lot went wrong for T-Mobile’s data breach to occur, but plaintiffs say the company broke the terms of its own privacy policy by not properly disclosing information about the breach or. “Protecting our customers’ data remains a top priority,” T-Mobile said in a statement. (TMUS)’s systems and network do not appear to have been hacked. The company says it continues to investigate the breach but believes it is “fully contained.” It also noted T-Mobile (TMUS) was able to discover the source of the breach and stop it a day after the hack was discovered. (TMUS) learned about the data breach, the company said it hired an external cybersecurity team to investigate. It noted that it could be on the hook for “significant expenses” because of the hack, although the company said it doesn’t expect the charges will have a material effect on T-Mobile’s bottom line. The wireless carrier didn’t indicate what it might do to remedy the situation. T-Mobile said it is working with law enforcement and has begun to notify customers whose information may have been breached. Nevertheless, that information can be compiled with other stolen or publicly available information and used by scammers to steal people’s identities or money. T-Mobile said no social security numbers, credit card information, government ID numbers, passwords, PINs or financial information were exposed in the hack. In a regulatory filing Thursday, the company said the hacker stole customer data that included names, billing addresses, emails, phone numbers, dates of birth, T-Mobile account numbers and information describing the kind of service they have with the wireless carrier. T-Mobile said a “bad actor” accessed personal data from 37 million current customers in a November data breach. ![]()
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