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T-Mobile fined $60 million for failing to stop data breaches
US fines T-Mobile $60 million for data breaches. This is the largest penalty this particular organization has ever issued.
The hefty fine was levied by the Committee on Foreign Investment in the US (CFIUS) and represents the largest such financial penalty the organization has ever issued. It issued six large penalties in the past year or so, though none get close to the $60 million fine T-Mobile was just hit with. “The $60 million penalty announcement highlights the committee’s commitment to ramping up CFIUS enforcement by holding companies accountable when they fail to comply with their obligations,” a US official told Reuters.
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