{"id":58651,"date":"2022-07-25T15:05:39","date_gmt":"2022-07-25T19:05:39","guid":{"rendered":"http:\/\/pappp.net\/?guid=a8a09da3021f248f48cdfeca90856c67"},"modified":"2022-07-25T15:05:39","modified_gmt":"2022-07-25T19:05:39","slug":"t-mobile-to-pay-500m-for-one-of-the-largest-data-breaches-in-us-history","status":"publish","type":"post","link":"https:\/\/pappp.net\/?p=58651","title":{"rendered":"T-Mobile to pay $500M for one of the largest data breaches in US history"},"content":{"rendered":"

Source: Ars Technica<\/a><\/p>\n

Article note: Wow, that fine is _negligible_ on the relevant scale. \n$150M to burn off by changing codes in their internal IT budget and\/or to a equipment\/security vendor for \"improvements,\" the lawyer's cut, and around $3 per affected customer (ish).<\/div>
\n
\"T-Mobile

Enlarge<\/a> (credit: tupungato | iStock Editorial \/ Getty Images Plus<\/a>)<\/p> <\/figure>

<\/a><\/div>\n

When T-Mobile compromised the sensitive personal information of more than 76 million current, former, and prospective customers in 2021<\/a>, plaintiffs involved in a class action lawsuit complained that the company continued profiting off their data while attempting to cover up “one of the largest and most consequential data breaches in US history.”<\/p>\n

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 million” will go toward enhancing its data security measures through 2023.<\/p>\n

T-Mobile declined to tell Ars about specific upcoming plans to improve data security, instead linking to a statement<\/a> that outlines measures it has taken to “double down” on security in the past year. That includes creating a Cybersecurity Transformation Office that directly reports to T-Mobile CEO Mike Sievert; collaborating with cybersecurity firms to “further transform our cybersecurity program;” ramping up employee cybersecurity training; and investing “hundreds of millions of dollars to enhance our current cybersecurity tools and capabilities.”<\/p><\/div>

Read 15 remaining paragraphs<\/a> | Comments<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Enlarge (credit: tupungato | iStock Editorial \/ Getty Images Plus) <\/p>\n

When T-Mobile…<\/p>\n

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