Cyberattack Hits T-Mobile US, Affecting 37 Million Customers
Significant Cyber Attack at Telekom Subsidiary Impacts 37 Million Customers - Dividend-rich T-Share's Response Revealed
Looks like T-Mobile US, a Deutsche Telekom subsidiary, just got slapped by a major cyberattack, according to reports from the Financial Times. A statement from the U.S. Securities and Exchange Commission confirms that this attack left 37 million customers vulnerable, but thankfully, payment data and passwords remained secure.
The intrusion, however, managed to snag some valuable info such as names, billing addresses, emails, phone numbers, birthdates, and contract details. So, even though your credit card info and passwords are safe, there's still a risk that your personal details might fall into the wrong hands.
Interestingly, this isn't the first time T-Mobile US has dealt with such a cybersecurity issue. Last year, in August 2021, the company faced an attack that impacted millions of customers and prompted a flurry of legal action. As a result, the affected individuals pocketed a total of $350 million in a class-action lawsuit. This latest incident could be the spark for another wave of lawsuits, potentially leading to considerable financial consequences.
However, despite the unfolding drama, Deutsche Telekom's stock, renowned for its high dividend, has managed to stay afloat and is currently on an uptrend. That being said, it's worth mentioning that this German stock boasts a relatively low P/E ratio.
In case you're wondering, this German stock is none other than Deutsche Telekom. Just to keep things transparent, it's important to disclose that the CEO and majority shareholder of the publisher Börsenmedien AG, Mr. Bernd Förtsch, holds financial positions that could benefit from the price developments resulting from the publication, including Deutsche Telekom.
Now let's delve a bit deeper into T-Mobile's history with data breaches. Last year, around 76 million US customers had their personal details exposed in a massive cyberattack in 2021. This breach led to a $350 million settlement in 2022, making it the second-largest data breach settlement in US history after Equifax's $700 million settlement in 2019. The payouts for this breach have been pushed back to May 2025. Additionally, T-Mobile experienced breaches in 2023 and 2024, affecting even more customer data, as well as a smaller incident in 2025 that impacted around 800 customers.
As of now, there isn't any solid information regarding the details of the 37-million-customer breach and its potential legal implications. However, given the massive financial impacts of the 2021 breach, another similar incident could come with significant financial and reputational repercussions for both T-Mobile US and Deutsche Telekom. Stay tuned for updates on this developing story.
- The latest cyberattack on T-Mobile US, a subsidiary of Deutsche Telekom, has raised concerns about the security of personal customer data, as valuable information such as names, billing addresses, emails, phone numbers, birthdates, and contract details were reportedly stolen.
- This incident could potentially lead to legal action, given the considerable financial consequences that followed the 2021 breach, which affected millions of customers and resulted in a $350 million class-action lawsuit.
- As Deutsche Telekom's stock remains on an uptrend, despite the recent cyberattack on T-Mobile US, it's worth noting that the company's financial performance and P/E ratio are often of interest to the general-news and business sectors, as well as to those invested in technology and crime-and-justice, given the ongoing cybersecurity issues.
