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DALLAS - AT&T Inc. (NYSE:T) has confirmed that a significant amount of customer data was illegally downloaded due to unauthorized access to its third-party cloud workspace.
The telecommunications giant reported that the breach, discovered in April, resulted in the exposure of call and text records spanning from May 1, 2022, to October 31, 2022, affecting nearly all of AT&T's cellular customers and those of mobile virtual network operators using AT&T's network. Additionally, a smaller set of records from January 2, 2023, was compromised.
The data accessed includes telephone numbers AT&T and MVNO users have interacted with, but it does not contain the content of the calls or texts, nor does it include personal information like Social Security numbers or dates of birth.
Some records also feature cell site identification numbers associated with the phone interactions. Despite the absence of names in the data, AT&T acknowledges that it is possible to associate phone numbers with names using publicly available tools.
AT&T has taken measures to block the unauthorized access point and is collaborating with law enforcement, leading to the arrest of at least one individual involved in the incident. While the company believes the compromised data is not currently publicly available, they are preparing to notify affected current and former customers and will provide resources to help protect their personal information.
The company emphasizes its commitment to customer privacy and expresses regret over the security lapse. Customers seeking more information about the incident and protective measures can visit the dedicated webpage provided by AT&T.
This report is based on a press release statement issued by AT&T.
InvestingPro Insights
In the wake of AT&T's recent data breach, the company's financial health and performance metrics remain a point of interest for investors. According to InvestingPro data, AT&T boasts a substantial market capitalization of $135.23 billion, underscoring its significant presence in the telecommunications sector. The company's robust gross profit margin, standing at 59.33% for the last twelve months as of Q1 2023, reflects its ability to maintain profitability despite operational challenges.
Investors may also take note of AT&T's shareholder-friendly practices. An InvestingPro Tip highlights that the company has maintained dividend payments for 41 consecutive years, which is indicative of its commitment to returning value to shareholders. This is further supported by a substantial dividend yield of 5.89%, making it an attractive option for income-focused investors.
With 5 analysts having revised their earnings upwards for the upcoming period, another InvestingPro Tip, there appears to be a positive sentiment around the company's future financial performance. For those interested in further analysis and insights, InvestingPro offers additional tips for AT&T, accessible at https://www.investing.com/pro/T. To access these insights, use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. The platform currently lists 12 additional InvestingPro Tips for AT&T, providing a comprehensive outlook for potential investors.
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