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Stock impact report

FCC fines Verizon, AT&T other major carriers nearly $200 million for sharing customer data [USA TODAY]

AT&T Inc. (T) 
Last at&t inc. earnings: 4/22 06:54 am Check Earnings Report
US:NYSE Investor Relations: en.wiktionary.org/wiki/at
Company Research Source: USA TODAY
Federal regulators have fined several major cellphone carriers nearly $200 million combined for illegally sharing customers' location information without their consent. T he Federal Communications Commission announced the fines Monday against Verizon, AT&T, T-Mobile and Sprint, the latter two of which have since merged since investigation began. An investigation determined the four carriers sold access to their customers' location data to aggregators, who went on to sell the data to third party location-based service providers. “Our communications providers have access to some of the most sensitive information about us," said FCC Chairwoman Jessica Rosenworcel in a statement. "These carriers failed to protect the information entrusted to them." Location data 'puts all of us at risk,' head investigator says The investigations began after it was made public that the nation's largest wireless carriers were sharing customers' location information without their knowledge or any ot Show less Read more
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