T-Mobile to pay fines, pledges to up upgrade cybersecurity after repeat data breaches

The telecom giant will pay $15.75 million to the Department of Treasury and front an additional $15.75 million for cybersecurity improvements and compliance.

The Federal Communications Commission said it reached a sweeping settlement with T-Mobile in the wake of several data breaches that affected the mobile telecom services giant over the past several years, with the company agreeing to pay fines and rearrange its governance structure to better focus on cybersecurity.

As part of the agreement, T-Mobile’s chief information security officer will now deliver regular cybersecurity reports to its board of directors, the FCC said. The company will also modernize its security architecture and implement multifactor authentication tools that verify if an intruder is masquerading as a legitimate user on its systems, among other things.

It will also pay a $15.75 million civil penalty to the Treasury Department and make an additional $15.75 million investment ...