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It is estimated that the average cost of a data breach will be over $150 million by 2020, with the global annual cost forecast to be $2.1 trillion. [2] [3] As a result of data breaches, it is estimated that in first half of 2018 alone, about 4.5 billion records were exposed. [4]
The federal government gave OAIC $5.5 million to investigate the breach over two years in its October 2022 budget. [25] Law firm Slater & Gordon launched a class action alleging Optus "breached laws and its own policies by failing to adequately protect customer data and destroy or de-identify former customer data". The ongoing class action was ...
In summer 2021, T-Mobile US confirmed that the company had been subject to a data breach. A hacker called John Erin Binns took credit for the release of millions of customer records and the event was a contribution to T-Mobile receiving a fine of $15 million in 2024.
The hackers retrieved data from 2022. The data also include records from January 2, 2023, for a very small number of customers, according to the press release .
August: T-Mobile reported that data files with information from about 40 million former or prospective T-Mobile customers, including first and last names, date of birth, SSN, and driver's license/ID information, were compromised. [192] September and October: 2021 Epik data breach.
Data breaches continue in 2023 as T-Mobile announced a data breach in January impacting 37 million accounts. The U.S. Marshals Service, meantime, reported a "major" security breach in February.
AT&T has been subject to subsequent breaches, including an April cyberattack it disclosed in July in which hackers "nearly all" of its cellular customers' text and call records for a six-month ...
2017 Equifax data breach – In 2017, Equifax Inc. announced that a cyber-security breach occurred between May and mid July of that year. Cyber criminals had accessed approximately 145.5 million U.S. Equifax consumers' personal data, including their full names, Social Security numbers , credit card information, birth dates , addresses , and, in ...