Despite a number of security issues, T-top Mobile's executives are adamant that the company's investments in cybersecurity are paying off.
“The investments we’ve made in 2022, including in our cybersecurity capabilities, showed up in a critical way a few weeks ago,” CEO Mike Sievert said Wednesday during the company’s 2022 Q4 earnings call.
The most recent security lapse, the second of two significant attacks in the previous 15 months, started on or around November 25 and went unnoticed for nearly six weeks, exposing the personal information of around 37 million consumers.
T-Mobile declined to comment on its current investigation and particular cybersecurity investment areas after the earnings call. As a condition of settling a $500 million class-action lawsuit last summer, the business agreed to invest $150 million on cybersecurity and data security technology in 2022 and 2023.
Since 2018, T-Mobile has publicly admitted eight data breaches, and the damage is growing. This week, Google Fi, a virtual network that uses T-Mobile’s infrastructure informed some of its users that the hack also resulted in the compromise of their personal data.