If you go through my blog, you’ll find example, after example, after example, after example, after example, after example of T-Mobile being pwned by hackers and customer data being exposed. And according to this Reuters story, The Committee on Foreign Investment in the United States has had enough of the pwnage and has decided to teach T-Mobile a lesson:
The Committee on Foreign Investment in the United States, or Cfius, fined T-Mobile $60 million earlier this year for failing to prevent or disclose unauthorized access to “certain sensitive data,” the panel said on its website. T-Mobile had signed a national security agreement with Cfius in 2018 as part of its merger with Sprint.
This is the first time that the panel has disclosed the fine, and the decision to mention T-Mobile by name broke with past practice for a government body that’s known for secrecy and whose deliberations are often classified. The panel also published a list of all its penalties since 2018, though without naming the companies involved.
Cfius said the $60 million fine imposed on T-Mobile was the largest in its history.
Now T-Mobile is a company that according to Wikipedia made about $14 billion in 2023. So a $60 million fine is likely going to be a rounding error to them. Because given how often they’ve been pwned by hackers, it’s pretty clear that they don’t take the security of their customer’s data seriously. Perhaps this fine will send a message that those in charge in the US are finally getting serious about punishing companies that screw up in this manner. Their next task in my opinion is to make the punishments hurt, and hurt so severely so it provides the proper incentive not to be T-Mobile. If I were them, I’d start with copying the EU who got this part right years ago.
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This entry was posted on August 16, 2024 at 8:53 am and is filed under Commentary with tags T-Mobile. You can follow any responses to this entry through the RSS 2.0 feed.
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T-Mobile Slapped With A Big Fine For Big Data Leaks
If you go through my blog, you’ll find example, after example, after example, after example, after example, after example of T-Mobile being pwned by hackers and customer data being exposed. And according to this Reuters story, The Committee on Foreign Investment in the United States has had enough of the pwnage and has decided to teach T-Mobile a lesson:
The Committee on Foreign Investment in the United States, or Cfius, fined T-Mobile $60 million earlier this year for failing to prevent or disclose unauthorized access to “certain sensitive data,” the panel said on its website. T-Mobile had signed a national security agreement with Cfius in 2018 as part of its merger with Sprint.
This is the first time that the panel has disclosed the fine, and the decision to mention T-Mobile by name broke with past practice for a government body that’s known for secrecy and whose deliberations are often classified. The panel also published a list of all its penalties since 2018, though without naming the companies involved.
Cfius said the $60 million fine imposed on T-Mobile was the largest in its history.
Now T-Mobile is a company that according to Wikipedia made about $14 billion in 2023. So a $60 million fine is likely going to be a rounding error to them. Because given how often they’ve been pwned by hackers, it’s pretty clear that they don’t take the security of their customer’s data seriously. Perhaps this fine will send a message that those in charge in the US are finally getting serious about punishing companies that screw up in this manner. Their next task in my opinion is to make the punishments hurt, and hurt so severely so it provides the proper incentive not to be T-Mobile. If I were them, I’d start with copying the EU who got this part right years ago.
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This entry was posted on August 16, 2024 at 8:53 am and is filed under Commentary with tags T-Mobile. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.