AT&T Faces $224M Privacy Suit Over Cryptocurrency Theft

Law360 (August 15, 2018, 2:01 PM EDT) -- A well-known cryptocurrency investor slapped AT&T with a nearly $224 million lawsuit in California federal court Wednesday, alleging that the carrier’s failure to provide adequate data security, despite previously suffering high-profile privacy incidents, allowed for the theft of millions in digital currency from his accounts.

AT&T was hit with a $224 million suit Wednesday alleging lax data protections allowed the theft of more than 3 million cryptocurrency coins from an investor. (AP) Michael Terpin’s complaint says that despite having issues in the past with employees cooperating with hackers, AT&T’s data protections remain severely lacking, which made it possible for an international...

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