There have been numerous reports in the media recently regarding prominent corporations being the victim of cyberattacks. It seems that another big company has been the victim of a data breach this week.
T-Mobile announced on Thursday that a hacker had gained access to personal information (such as names, dates of birth, and phone numbers) for 37 million user accounts, marking the company’s second big breach in less than two years. However, T-Mobile assured customers that no sensitive data such as social security numbers, credit card details, government ID numbers, passwords, PINs, or bank account information was compromised in the hack.
Even though most of the sensitive data was not leaked, cybercriminals could use the information gained together with other data that has been fraudulently obtained or that is available to the public in order to deceive people out of their money or their identities. As of now, T-Mobile has started notifying consumers whose information may have been compromised and is collaborating with law authorities.
According to the firm, the hacker likely began gathering data on November 25 via an API, a standard piece of code that enables software to communicate with other applications. In 2021, T-Mobile was the target of a cyberattack that compromised the personal information of roughly 77 million customers. In light of this, the business has agreed to invest $150 million in new and improved cybersecurity policies and systems, in addition to paying $350 million to settle customer claims.
However, this data breach will surely hold them back and would be a big blow to the company, which might lead them to reconsider their cybersecurity strategies. T-Mobile reported that it has contracted an independent cybersecurity firm to look into the data leak after they were informed of it.
T-Mobile found the source of the breach a whole day after discovering the hack and was able to shut it down. The firm claims it is still investigating the breach but that it has been “completely contained.” Furthermore, it stated that there was no evidence of a hack into T-system Mobile’s or network. However, it remains to be seen how the authorities and the public, in general responds to this.