Shares in Comcast Corp fell after the telecommunications and media company was fined US$1.5 million (A$3.32 million) for a data breach.
The Federal Communications Commission (FCC) said the personal information of Comcast’s internet, TV and home security customers was exposed in the data breach affecting Comcast's debt collector, Financial Business and Consumer Solutions (FBCS).
The FCC said Comcast stopped using FBCS in 2022, two years before the breach.
FBCS filed for bankruptcy before the breach was disclosed in August 2024, according to Reuters.
Comcast said it "was not responsible for and has not conceded any wrongdoing in connection with this incident”, Reuters reported in this story.
As part of the FCC settlement, Comcast agreed to adopt a compliance plan that includes new vendor oversight practices related to customer privacy and information protection.
Comcast Corp (NASDAQ: CMCSA) closed 89 cents (3.25%) lower at $26.46, capitalising the company at US$98.60 billion (A$152.9 billion), on Monday (Tuesday AEDT).
