AT&T’s Data Scheme Unveiled After Big Security Breach

CNBC‘s Josh Lipton, and Mike Prospero, Tom’s Guide reviews editor, discussed a security breach at Ma Bell, where customer data was compromised by a third-party vendor. “AT&T Inc. (NYSE:T) confirmed that the attackers have compromised the security of a number of its mobility wireless customers; personal information!” Mr. Lipton commenced. Now, the company assured that it has taken steps to help prevent it from ever happening again. But, should wireless customers still be leery here? How did this get by? – the reporter asked, emphasizing the fact that it was employees of one of AT&T’s vendors that stole this personal information.

AT&T Inc.

To this, Mr. Prospero answered that it has been just a breach of protocol and, although the telecom company said that it has taken measures to avoid this from happening again, someone can always find a loophole. Consumers should be concerned to varying degrees. While AT&T Inc. (NYSE:T) already alerted its customers, “if you suspect a data breach, you can always use a credit monitoring service to make sure that someone hasn’t taken your social security number and used it for ill purposes.”

The breach was first reported in May. However, concerns regarding its actual reach still linger. Some customers could feel inclined to believe that the breach was actually much larger than previously informed, and could be concerned about their personal data’s safety. “We know that at least 500 customers, in California alone, have been affected by this, because it is required by law. But all the other people who have been affected have already been notified by AT&T Inc. (NYSE:T), and they are not saying how many is the total. But the affected customers have been notified.”

To close up, Mr. Prospero highlighted the importance of having good passwords to increase your security when using a smart phone or other devices.

AT&T Inc. (NYSE:T)’s stock fell more than 4% since mid-May, and roughly 0.3% during Monday’s trading, after the data scheme was unveiled.

Disclosure: Javier Hasse holds no position in any stocks mentioned.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!