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Market
How will TracFone's market share in the wireless industry change by the end of 2024?
2
Resolution / Starting Odds
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Market research reports or industry analysis
Story
FCC Reaches $16 Million Settlement with TracFone for Data Breaches in July 2024
Aug 2, 2024, 02:32 PM
In July 2024, the Federal Communications Commission (FCC) reached a $16 million settlement with TracFone Wireless Inc. for breaches of customer-facing APIs. The settlement follows an FCC investigation into TracFone's handling of customer data, which revealed significant security lapses. These breaches allowed unauthorized access to sensitive customer information, prompting the FCC to take action. The settlement aims to enhance consumer protection and ensure stricter compliance with data security standards.
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