Massive cyber attack at Telekom subsidiary impacts 37 million customers: insights on the moving dividend-rich T-share response
Unfortunate Cyberattack on T-Mobile US Exposed Data of 37 Million Customers
Troubling news strikes again for T-Mobile US, a brand under Deutsche Telekom, as they face another major cyberattack. As mentioned in the Financial Times, and as per a statement from the U.S. Securities and Exchange Commission, sensitive data of 37 million T-Mobile US customers might have been compromised. Thankfully, payment data and passwords seemed to remain safe from the attack.
However, the assault potentially exposed personal details such as names, billing addresses, emails, phone numbers, birthdates, and contract data.
This isn't the first time T-Mobile US has faced such a cyber threat – an attack in August 2021 targeted the company, affecting millions of users. The aftermath resulted in a class-action lawsuit, with the affected individuals receiving a total of $350 million in compensation. The latest attack might yet again open the floodgates for another wave of lawsuits that could prove costly.
Despite this setback, the Deutsche Telekom stock, renowned for its high dividend, has shown remarkable resilience and is currently experiencing an uptrend, seemingly undeterred by the incident.
Curious fact: did you know that Deutsche Telekom boasts a staggeringly low P/E ratio?
It's essential to acknowledge that the CEO and majority shareholder of the publisher Börsenmedien AG, Mr. Bernd Förtsch, holds direct and indirect positions in various financial instruments, including Deutsche Telekom, which could potentially benefit from the ongoing market dynamics.
As we moves forward, keep an eye on official updates regarding the pending settlement and the current legal proceedings stemming from the 2021 breach. Be vigilant, and for those directly affected, prioritize monitoring ongoing updates or consult a legal professional to ensure you support any potential litigation related to the newer incidents.
Note: T-Mobile is currently distributing settlement payments from the 2021 breach, which affected 76 million customers, and exposed their Social Security numbers. The payments from the $350 million class-action settlement are currently being paid out. In 2023, T-Mobile reported two more breaches, but as of now, no significant settlements or lawsuits related to these incidents are publicly disclosed. The 2021 settlement has set a precedent for potential future claims, and active litigation appears to be enforcing the terms of that settlement rather than pursuing new lawsuits for post-2021 breaches. For more information, affected customers should regularly check updates from official sources or consult legal counsel.
- The latest cyberattack on T-Mobile US, a brand under Deutsche Telekom, has once again exposed sensitive data, potentially affecting 37 million customers.
- The ratio of Deutsche Telekom's stock price to its earnings (P/E ratio) is remarkably low.
- In the general news, it's important to follow official updates regarding the pending settlement and legal proceedings stemming from the 2021 breach that affected T-Mobile US customers.
- A class-action lawsuit was filed in the aftermath of the 2021 T-Mobile US cyberattack, resulting in a $350 million settlement.
- As of now, no significant settlements or lawsuits related to the 2023 T-Mobile US breaches are publicly disclosed, but the 2021 settlement has set a precedent for potential future claims.
