FCC slaps AT&T, Verizon and T-Mobile with mega fines for data deceit [FOX News]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: FOX News
The Federal Communications Commission (FCC) has taken decisive action against the nation's four largest mobile carriers, imposing a hefty fine of $200 million for the unauthorized sharing of customers' location data. This move underscores the agency's commitment to consumer privacy and protecting sensitive information. The leading fine of $80 million reflects the gravity of the alleged breach, compounded by an additional $12 million for its subsidiary, With a fine exceeding $57 million , AT&T faces significant repercussions. The carrier was fined $46 million , signaling Verizon's alleged involvement in the data breach. The FCC's enforcement bureau alleges that each carrier sold access to customer location data to "aggregators," who then resold it to third-party service providers. They further allege that this chain of actions occurred without proper customer consent, a clear violation of FCC regulations. The allegations initially brought to light under the Trump administrat
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News
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T
Earnings
- 4/24/24 - Beat
T
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- T's page on the SEC website