T-Mobile Hit with $60 Million Fine for Data Breach, Largest Ever Penalty! 💸

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Summary:

  1. Record-Breaking Penalty
    The U.S. Committee on Foreign Investment fined T-Mobile $60 million for unauthorized data access related to its 2020 Sprint merger, marking the largest penalty ever imposed by CFIUS.

  2. Enforcement Shift
    CFIUS’s decision to publicize the fine reflects a tougher stance on enforcement and aims to deter future violations by holding companies accountable.

  3. Company’s Response
    T-Mobile reported technical issues affecting data sharing from law enforcement requests, stating the data never left their control and was addressed promptly.

Read more at: Reuters