Million

April

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">Telecommunications giant AT&amp;T Inc. (NYSE: T) is grappling with the fallout from a <a href="https://www.bbc.com/news/world-us-canada-68701958" rel="dofollow" class="deco-link" target="_blank">massive data breach</a> that exposed the personal information of 73 million current and former customers. <br><br>The company’s stock dipped 2.44% in <a href="https://tokenist.com/investing/how-to-trade-after-hours/" class="deco-link">premarket trading</a> on Tuesday following the confirmation of the leak, which included sensitive details such as social security numbers and dates of birth. Despite the breach, AT&amp;T’s stock has shown some resilience, with investors seemingly maintaining confidence in the company’s long-term financial health</p> 
<h3 id="att-s-data-breach-exposed-73-million-customers-personal-information">AT&amp;T’s Data Breach Exposed 73 Million Customers’ Personal Information</h3> 
<p>The company <a aria-label="confirmed (opens in a new tab)" href="https://www.wsj.com/business/telecom/at-t-says-data-from-73-million-accounts-were-leaked-to-dark-web-bad6d642" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">confirmed</a> a massive data breach exposed the personal information of 73 million current and former AT&amp;T customers. The leaked data includes sensitive details such as addresses, social security numbers, passcodes, full names, email addresses, and dates of birth. Financial information was not included in the breach.</p> 
<p>The leaked data appears to be from 2019 or earlier, affecting 7.6 million current customers and 65.4 million former account holders. <br><br>AT&amp;T has launched an investigation but has not found evidence of data theft from its systems, leaving the source of the leak unclear. As a precaution, the company has reset customer passcodes and advised affected individuals to monitor their account activity and credit reports closely. </p> 
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<h3 id="att-stock-dips-2-44-in-premarket-trading">AT&amp;T Stock Dips 2.44% in Premarket Trading</h3> 
<p><a href="https://tokenist.com/investing/how-to-buy-shares-online/" rel="dofollow" class="deco-link">AT&amp;T Inc. stock</a> showed resilience on Tuesday despite the company’s announcement of a massive data breach affecting 73 million customers. The stock closed at $17.60 on March 28, slightly increasing $0.05 (+0.28%). However, pre-market trading decreased by $0.43 (-2.44%).</p> 
<p>With a market capitalization of $125.889 billion, a <a href="https://tokenist.com/investing/what-is-beta-in-stocks/" rel="dofollow" class="deco-link">beta</a> of 0.69, a <a href="https://tokenist.com/investing/p-e-ratio/" class="deco-link">PE Ratio</a> (TTM) of 8.93, and an <a href="https://tokenist.com/investing/how-to-value-a-stock/" class="deco-link">EPS</a> (TTM) of 1.97, AT&amp;T’s financial health appears stable. The company offers a forward dividend &amp; yield of 1.11 (6.31%) and reported an average volume of 38,866,136. <br><br>The next earnings date is scheduled for April 24, 2024. Despite the news of the data breach, investors seem to maintain confidence in the company’s long-term value, indicating a belief that the violation may have a limited impact on AT&amp;T’s financial performance.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><strong><em>Do you think the data breach could potentially have long-term consequence</em></strong><em><strong>s for AT&amp;T? Let us know in the comments below.</strong></em></p> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/att-dips-in-premarket-after-data-breach-affecting-73-million-customers/">AT&amp;T Dips in Premarket After Data Breach Affecting 73 Million Customers</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

AT&T Dips in Premarket After Data Breach Affecting 73 Million Customers

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