T-Mobile Fined $60M by CFIUS for Data Breach Failings ...Middle East

A powerful U.S. committee that scrutinizes foreign investment for national security risks fined T-Mobile $60 million, its largest penalty ever, for failing to prevent and report unauthorized access to sensitive data, senior U.S. officials said on Wednesday. The penalty imposed by the Committee on Foreign Investment in the U.S. (CFIUS) is tied to violations of a mitigation agreement that German-controlled T-Mobile inked with the panel as part of its $23 billion acquisition of U.S.-based Sprint Corp in 2020.

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