![]() In Thursday's filing, T-Mobile noted that it began a "substantial multi-year investment" to improve its cybersecurity in 2021. "While these cybersecurity breaches may not be systemic in nature, their frequency of occurrence at T-Mobile is an alarming outlier relative to telecom peers," senior analyst for Moody's Investors Service, Neil Mack, said in a statement sent to The Associated Press – noting that the latest breach raises questions about management's cyber governance and could alienate customers, as well as attract scrutiny from regulators. ![]() What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day Data breaches have affected companies and organizations of all shapes, sizes, and sectors, and theyre costing US businesses millions in damages. suffered a cyberattack that exposed some personal information belonging to 37 million customers, but not the most sensitive kinds, the wireless giant said Thursday. We can help you with automated solutions that protect your device. MORE: T-Mobile says cyberattack impacted more customer data than initially thought The wireless giant is facing the second major breach in as many years. Don’t wait until your phone is infected with malware to secure it properly. Prior to August 2021, customer information was accessed in breaches that T-Mobile disclosed in January 2021, November 2019 and August 2018. The mobile operator just suffered at least its fifth data breach since 2018, despite promising to spend a fortune shoring up its systems. Mobile Security Solutions to Prevent a Data Breach. In a statement Tuesday evening, T-Mobile said a. In the settlement, T-Mobile also said it would spend at least $150 million through 20 "for data security and related technology." The acknowledgment came less than 48 hours after millions of the stolen T-Mobile customer records went up for sale in the cybercrime underground. In July, T-Mobile agreed to pay $350 million to settle a class action lawsuit after the company disclosed in August 2021 that personal data – including Social Security numbers and driver's license information – had been stolen.
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