T-Mobile says hack captured data of 37 million customers

This isn't the first time...or the second...

PO1 William "Chip" Nagel
..."The company has been hacked multiple times in recent years. In its filing, T-Mobile said it didn't expect the latest breach to have material impact on its operations.

But a senior analyst for Moody's Investors Service, Neil Mack, said in a statement that the breach raises questions about management's cyber governance and could alienate customers and attract scrutiny by the Federal Communications Commission and other regulators.

"While these cybersecurity breaches may not be systemic in nature, their frequency of occurrence at T-Mobile is an alarming outlier relative to telecom peers," Mack said.

In July, T-Mobile agreed to pay $350 million to customers who filed a class action lawsuit after the company disclosed in August 2021 that personal data including Social Security numbers and driver's license info had been stolen. Nearly 80 million U.S. residents were affected.

It also said at the time that it would spend $150 million through 2023 to fortify its data security and other technologies.

Prior to the August 2021 intrusion, the company disclosed breaches in January 2021, November 2019 and August 2018 in which customer information was accessed.

T-Mobile, based in Bellevue, Washington, became one of the country's largest cellphone service carriers in 2020 after buying rival Sprint. It reported having more than 102 million customers after the merger."