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.
T-Mobile Pays The Price For Their Numerous Data Breaches…. Again
Posted in Commentary with tags T-Mobile on October 1, 2024 by itnerdT-Mobile has had numerous data breaches over the last few years. There’s been example, after example, after example, after example, after example, after example of T-Mobile being pwned by hackers and customer data being exposed. The FCC has stepped in and slapped T-Mobile with a file for their inability to keep customer data safe:
The Federal Communications Commission today announced a groundbreaking data protection and cybersecurity settlement with T-Mobile to resolve the Enforcement Bureau’s investigations into significant data breaches that impacted millions of U.S. consumers. To settle the investigations, T-Mobile has agreed to important forward-looking commitments to address foundational security flaws, work to improve cyber hygiene, and adopt robust modern architectures, like zero trust and phishing-resistant multi- factor authentication. The Commission believes that implementation of these commitments, backed by a $15.75 million cybersecurity investment by the company as required by the settlement, will serve as a model for the mobile telecommunications industry. As part of the settlement, the company will also pay a $15.75 million civil penalty to the U.S. Treasury.
This is on top of this fine that T-Mobile got slapped with earlier this year. At this point it’s pretty clear that T-Mobile needs to get their act together. The question is will they? Given their previous track record, that’s an open question. And one that a lot of people will be watching to see how T-Mobile answers that question.
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