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Big four wireless carriers face possible fines for selling customer information

The Federal Communications Commission is proposing a crack down on wireless carriers “for selling access to their customers’ location information without taking adequate precautions to prevent unauthorized access to that data,” says cyber expert Brian Krebs of KrebsonSecurity. The big four of wireless — AT&T, Sprint, T-Mobile and Verizon — could be smacked with more than $200 million in fines among them.

Krebs explains, “The commission said it took action in response to a May 2018 story broken by The New York Times, which exposed how a company called Securus Technologies had been selling location data on customers of virtually any major mobile provider to law enforcement officials.”

Read the full story about FCC action and device location sharing here.

LEVERAGE offers cyber security solutions for your credit union. Learn more here.

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The League of Southeastern Credit Unions & Affiliates represents 302 credit unions in Alabama, Florida and Georgia, with a combined total of $175 billion in assets and more than 11.6 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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