FCC reaches $16 million settlement with TracFone over data security shortcomings

The FCC and TracFone have agreed to a $16 million settlement over the telecom carrier's failure to provide adequate security that resulted in three data breaches over a two-year period.

“Carriers -- and the customer information they have access to -- are prime targets for threat actors. The Commission takes matters of consumer privacy, data protection, and cybersecurity seriously, including in the context of emerging security issues,” FCC Enforcement Bureau chief Loyaan Egal said in a Monday release announcing...