October 1, 2024 at 11:48AM T-Mobile will invest $15.75 million in cybersecurity and pay the same amount to settle an FCC investigation into four data breaches. The settlement resolves the issue and reflects the company’s commitment to rectifying the situation. This decision comes after T-Mobile’s ongoing efforts to address security concerns. Based on the meeting … Read more
April 25, 2024 at 08:15AM The FTC is issuing $5.6 million in refunds to 117,000 Ring customers following a 2023 settlement over security issues. This action is a response to reported security failures. [Source: SecurityWeek] Based on the meeting notes, the key takeaway is that the FTC is issuing $5.6 million in refunds to more … Read more
November 20, 2023 at 09:33AM Morgan Stanley has reached a $6.5 million settlement for mishandling and disposing of hardware containing unencrypted personal information. The investigation revealed that the company did not properly erase the data when decommissioning old devices and failed to monitor the actions of a moving company it hired. The company was also … Read more