Verizon Settles for $16 Million Over TracFone Data Breach: New Security Measures Required
In a significant development in the realm of data security, Verizon Communications has agreed to a $16 million settlement with the Federal Communications Commission (FCC) following a series of data breaches at its subsidiary, TracFone Wireless. The breaches, which occurred between 2021 and 2023, have led to increased scrutiny on Verizon's data protection practices and will result in mandatory improvements to its security measures.