- The Committee on Foreign Investment in the US (CFIUS) recently fined T-Mobile a whopping $60 million.
- This is the largest penalty ever imposed by the committee.
- T-Mobile acknowledged the issue but explained that it was reported and addressed quickly.
The Committee on Foreign Investment in the US (CFIUS) recently fined T-Mobile a whopping $60 million. So far, this has been the committee’s largest penalty ever, and it was levied because the carrier failed to “prevent and report unauthorized access to sensitive data.”
According to Reuters, the penalty was imposed because T-Mobile violated the terms of a mitigation agreement it had entered into with the CFIUS as part of its acquisition of Sprint in 2020. Officials noted that the unauthorized access to sensitive data happened following the acquisition, in particular during 2020 and 2021.