T-Mobile breach: According to a statement released by the firm on Thursday, a data breach that occurred in November resulted in the theft of personal information belonging to about 37 million T-Mobile users.
T-Mobile stated that it found out about the breach on January 5 in a document that it made with the Securities and Exchange Commission of the United States. According to the company, the unknown hacker or hackers got the data beginning around November 25 through the use of a single Application Programming Interface (API).
The nefarious invader gained access to a “limited collection of customer account data,” which included names, addresses, emails, phone numbers, and dates of birth among other personal information. According to T-statement, Mobile’s company’s ongoing investigation led them to conclude that “customer accounts and finances were not put in danger directly by this event.” According to T-Mobile, the data breach did not result in the exposure of any credit card information, passwords, Social Security numbers, government ID numbers, or any information related to financial accounts.
In a statement released the day after the hack was discovered, T-Mobile said it “promptly launched an investigation with external cybersecurity specialists” and “was able to locate the source of the malicious activity and halt it.”
T-Mobile stated in a filing that it had made on Thursday that “our investigation is still ongoing, but the malicious activity appears to be fully contained at this time,” and There are no clues that the bad actor succeeded in infiltrating our systems or network.
In addition, the corporation stated that it has informed the relevant federal and law enforcement agencies, which were not specifically identified in the document.
Will T-Mobile communicate with customers whose data was compromised?
T-Mobile stated in a news release that it was currently in the process of notifying customers who were affected by the breach. The statement was issued on Thursday.
T-Mobile has issued the following statement: “We understand that an occurrence like this has an effect on our consumers and regret that this occurred.” We anticipate significant ongoing investments over a long period to further develop and improve our cybersecurity program.
T-Mobile may “incur significant expenses” as a result of the hack, according to the filing that was made on Thursday. However, the business stated that it did not anticipate the incident having a “material effect” on its operations.
A brief history of security vulnerabilities at T-Mobile
The breach that occurred in November was not the first time that the personal information of T-Mobile customers was stolen. After the company revealed in August 2021 that personal data, including Social Security numbers and driver’s license information, had been stolen, T-Mobile agreed to pay $350 million to settle a class action lawsuit in July. This came after the company disclosed in August 2021 that the data breach had occurred. More than 76 million people currently living in the United States were impacted.
T-Mobile agreed to spend at least $150 million through 2022 and 2023 “for data security and related technology,” as part of the settlement, and the company made this commitment.
T-Mobile reported data breaches in January 2021, November 2019, and August 2018; these incidents occurred before August 2021 and allowed unauthorized access to customer information.
Neil Mack, a senior analyst for Moody’s Investors Service, said in a statement that was sent to The Associated Press that while these cybersecurity breaches may not be systemic, their occurrence frequency at T-Mobile is an alarming outlier relative to telecom peers. Mack also noted that the latest breach raises questions about management’s cyber governance and could end up alienating customers as well as attracting scrutiny from regulators.
According to the document that T-Mobile submitted on Thursday, the company started making “a substantial multi-year investment” to improve its cybersecurity in the year 2021.
37 million T-Mobile customers hacked in data breach (Video) Watch Now
What exactly does “T” stand for in the name “T-Mobile”?
T-Mobile is an umbrella brand for a collection of mobile phone companies, all of which are owned by Deutsche Telekom and run GSM and UMTS networks in Europe and the United States respectively. “Telekom” is represented by the letter “T.” The majority of Deutsche Telekom’s subsidiary businesses (also known as firms) have names that begin with “T-,” such as “T-Home” and “T-Online.”
Which firm is the most dominant in the wireless industry?
AT&T is the industry leader on a worldwide scale.
According to the majority of industry standards, AT&T is the largest telecommunications corporation in the entire world. AT&T makes more money than any of its competitors worldwide, bringing in a staggering 161.5 billion euros in 2020, which is far higher than the 117.5 billion euros generated by Verizon, AT&T’s closest competitor.
Which nation has a 6G network already?
Countries in Asia that were early frontrunners in the 5G race, such as South Korea, Japan, and China, are working diligently on the development of 6G in their spare time. The year 2018 marked the beginning of South Korea’s 5-year plan to prototype 6G services by the year 2026, with the eventual goal of deploying 6G for commercial use between the years 2028 and 2030.