CFIUS Slaps T-Mobile with Record $60 Million Fine for Data Breach Failures

The Committee on Foreign Investment in the U.S. (CFIUS) fined T-Mobile $60 million for failing to prevent and report sensitive data breaches. This penalty, tied to T-Mobile's acquisition of Sprint Corp, signifies CFIUS's intent to enforce stricter compliance and deter future violations.

The Committee on Foreign Investment in the U.S. (CFIUS) has levied a monumental $60 million fine against T-Mobile for not preventing or reporting breaches of sensitive data. According to senior U.S. officials, this is the largest penalty the committee has ever imposed.

This fine is linked to violations of a mitigation agreement T-Mobile signed when it acquired Sprint Corp for $23 billion in 2020. T-Mobile has yet to respond to requests for comment on the issue.

One senior official highlighted the committee's commitment to enforcing compliance, stating that the public announcement of such penalties incentivizes other companies to adhere to their obligations. The unprecedented size and publicity of the fine underscore CFIUS's new rigorous enforcement strategy.

(With inputs from agencies.)