Many Americans are exposed as a result of data breaches. In a time when people rely so largely on technology to get by in life, security leaks have emerged as a persistent threat. Customers of T-Mobile have recently been quite conscious of that reality. In the past five years, the organization has faced numerous security breaches, and the most recent one just occurred.
T-Mobile US, Inc. reported a significant business breach to the Securities and Exchange Commission (SEC) on January 19. In November, 37 million consumers’ data were stolen by an unidentified perpetrator. They also provided their phone numbers, addresses, and birth dates.
T-Mobile stated it was looking into the problem and had found that the hackers did not use the breach to access users’ bank accounts, credit cards, Social Security numbers, PINs, or other government-issued IDs. The investigation is still ongoing, though. Prior to January 5, the business had no idea that a third party had hacked its customer data.
T-Mobile maintains in its filing that the problem has been completely contained and that the hacker was unable to access or compromise any of the company’s systems or networks. T-Mobile has also started a large multi-year investment working with cybersecurity specialists to address corporate security vulnerabilities, according to the company’s SEC statement.
At least six security lapses have occurred at the organization since 2018 as a result of the most recent breach. Wired claims that the organization’s cybersecurity is so poor that it has a history of data leaks.
One time each in 2018 and 2019, twice each in 2020, and in a significant breach in 2021, hackers were able to get access to their system. To resolve class action litigation that affected over 76 million current, potential, and former consumers in 2022, the business agreed to pay $350 million. The money was put into a fund to compensate anyone harmed by the security breach.
T-Mobile consented to set aside $150 million for cybersecurity investments. When the corporation informed the SEC that it was investing in significant security measures, it used it as their example. 110 million Americans are the company’s clients. The ongoing incidents pose a serious threat to human safety. Unfortunately, the company’s actions haven’t taken the necessary steps.