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Impact on U.S. telecom stocks post-breach by March 31, 2025?
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Story
Chinese Hackers Exploit U.S. Telecom Networks in Sweeping Cybersecurity Breach, Geolocate Millions of Americans and Record Calls
Dec 28, 2024, 12:44 PM
Chinese hackers have reportedly exploited vulnerabilities in U.S. telecommunications networks to geolocate millions of Americans and record their phone calls. This breach has raised concerns regarding cybersecurity and the potential misuse of sensitive personal information. Reports indicate that the hackers gained access through broad telco access, allowing them to track individuals and listen to conversations at will. Notably, it has been emphasized that Chinese vendors did not provide any cell sites in the United States, highlighting the distinction between technical vulnerabilities and vendor trust.
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