Hacker Paid by AT&T to Erase Customer Records

Telecommunications company AT&T made a cryptocurrency payment to a hacker in the amount of $370,000 for deleting sensitive customer records.

Victims in UK Lose $200 Million to Crypto-Related Frauds Till Q3 2021

These were all records that had been stolen and contained private customer information. The company suffered an extensive breach of their security and was attempting to minimize the damage to their company and to their customers by hiring a hacker to delete any stolen records.

 

AT&T negotiated with the hacker for the work, reportedly bringing him down from his original request for $1 million. According to reports, the hacker was from the group ShinyHunters. The company requested that the hacker show them video evidence that all of the records had been deleted, and they then paid him 5.7 bitcoin.

AT&T was the victim of a data breach that lasted from May of 2022 to January of the following year. The breach resulted in millions of customer records being stolen, and these included metadata related to calls and text messages across the AT&T network. The company was concerned that if the thieves did a reverse lookup with the data, they could identify individual customers and expose them to harassment, blackmail, and identity theft. The data could also be sold to marketing companies if the hackers chose to do so.

The Larger Hack

AT&T was not the only company that was a victim of these hacking attacks. While their data breaches were among the most notable and newsworthy, more than 150 companies were targeted as well, which included Santander Bank, Advance Auto Parts, and Ticketmaster. With millions of customer records being stolen, the risk of identity theft has been high for those affected, and the damage to public sentiment for these companies has been incredible.

AT&T is not working alone to deal with the damage caused by the data breaches. They are being aided by the FCC (Federal Communications Commission), which is working hard to identify those responsible for the attacks.

 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
Related Articles
Comments
5 1 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments