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T-Mobile Stock Unmoved as the Company Suffers Data Breach of Over 100M Customers

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by Benjamin Godfrey · 3 min read
T-Mobile Stock Unmoved as the Company Suffers Data Breach of Over 100M Customers
Photo: Depositphotos

American wireless network operator, T-Mobile has suffered yet another data breach, with more than 100 million customers involved.

As reported by The Vice who first broke the news, the data breached is now being sold in an underground forum according to the information gleaned from the seller.

The data were notably obtained from multiple T-Mobile Us Inc (NASDAQ: TMUS) servers and the information accessed includes social security numbers, phone numbers, names, physical addresses, unique IMEI numbers, and driver license information, the seller said. The data has been viewed by the Vice and they are reliably confirmed to be the accurate data from T-Mobile customers.

The hacker said a portion of the data for about 30 million customers including their Social Security Number and Driver’s Licenses are up for sale for 6 Bitcoin. This quoted price is worth $283,296.06 at the time of writing according to BTC’s real-time price on CoinMarketCap. The hacker also confirmed that the rest of the data are currently being sold privately.

T-Mobile has noted that it is currently investigating the claims about its data breach.

“We are aware of claims made in an underground forum and have been actively investigating their validity. We do not have any additional information to share at this time,” a T-Mobile spokesperson said.

The hacker claimed the company has taken action to restrict access to its servers. “I think they already found out because we lost access to the backdoored servers,” the seller said, however, he mentioned that the response will not affect its sales as it has backed up the compromised data in multiple servers.

Meanwhile, the data breach and its supposed impacts is not weighing on the company’s stock at the time of writing. TMUS shares closed Friday’s trading session up 0.14% to $144.94.

T-Mobile is the Center-Point of Multiple Data Breaches

T-Mobile is becoming the center point of major data breaches in recent times with cyber criminals subjecting the companies customers to a data vulnerability. In one of the most recent of such events, some T-Mobile customer’s call records were compromised as reported by the Verge.

As the company revealed at the time, about 200,000 of its customers were affected and the data compromised “may have included phone numbers, number of lines subscribed to and in a small number of cases some call-related information collected as part of normal operation and service.”

The company have also recorded data breach events back in 2018, and 2019 and while it is always swift at containing the situation, it has proven to be taking a longer time at securing its servers from being accessed by these malicious workers.

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Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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