T-Mobile Fined $60 Million for Data Breach Violations
CFIUS Fines T-Mobile Over Data Security Breach
The Committee on Foreign Investment in the United States (CFIUS) has fined T-Mobile $60 million for failing to disclose and take action regarding a data breach that affected millions of customers.
CFIUS Fines T-Mobile $60 Million for Data Breach Violations
The fine is the largest ever imposed by CFIUS for a data breach violation.
T-Mobile has agreed to pay the fine and settle the allegations against it.
T-Mobile's Data Breach Violations
CFIUS alleges that T-Mobile failed to disclose the data breach to the committee in a timely manner.
The committee also alleges that T-Mobile failed to take appropriate action to prevent the breach from occurring.
The Impact of the Data Breach
The data breach affected millions of T-Mobile customers.
The breach exposed customer information such as names, addresses, social security numbers, and credit card information.
T-Mobile's Response to the Data Breach
T-Mobile has apologized for the data breach and has taken steps to improve its security measures.
The company has also offered free credit monitoring services to affected customers.
CFIUS's Role in Data Breach Enforcement
CFIUS is responsible for reviewing foreign investments in the United States to ensure that they do not pose a threat to national security.
CFIUS has the authority to impose fines and other penalties on companies that violate its regulations.
The Importance of Data Security
The T-Mobile data breach is a reminder of the importance of data security.
Companies must take steps to protect customer data from unauthorized access.
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