Experian Posts $20M Charge Related to T-Mobile Data Breach

Diana Goovaerts reports:

In its earnings report for the six months ended September 30, 2015, Experian posted a charge of $20 million stemming from its response to an October security breach that exposed the data of millions of T-Mobile customers.

According to the report, the “one-off costs” came from Experian’s response to the hack, which included notifying impacted individuals, offering them free credit monitoring services and informing the appropriate government agencies of the intrusion.

That reportedly doesn’t include costs associated with all the lawsuits filed against them over the breach.

Read more on Wireless Week.

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