AT&T to pay millions over 2023 data breach

Dallas-based AT&T has agreed to a $13 million settlement over a data breach that occurred in January 2023, the Federal Communications Commission announced yesterday. Why it matters: The telecommunications industry was a top target for hackers last year, with over 80% of breaches involving cloud-stored data, per the FCC. • At least 1 billion records have already been stolen or accessed in data breaches this year, according to TechCrunch. The big picture: AT&T has experienced multiple breaches in recent years. The company reported in July that hackers had seized several...