Comcast Corporation (NASDAQ:CMCSA) faced a **$1.5 million fine** from the **Federal Communications Commission (FCC)** after its vendor, **Financial Business and Consumer Solutions (FBCS)**, exposed the **personal data of ~237,000 current and former customers** using Comcast’s internet, TV, and home security services. The breach occurred in **August 2024**, but FBCS filed for bankruptcy before disclosing it. The exposed data included customer information linked to Comcast’s services, though specifics (e.g., financial details, exact PII types) were not detailed.The FCC mandated a **new compliance plan** with stricter **vendor oversight and privacy safeguards**. While Comcast reported strong Q3 earnings ($31.2B revenue, beating estimates), the breach added regulatory pressure amid broader scrutiny, including political tensions with President Trump over NBC’s content. The stock declined **29.29% YTD** and dropped **3.25% on the day** of the announcement, reflecting investor concerns over reputational and compliance risks.
Comcast cybersecurity rating report: https://www.rankiteo.com/company/comcast
"id": "COM4835348112525",
"linkid": "comcast",
"type": "Breach",
"date": "8/2024",
"severity": "85",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"{'affected_entities': [{'customers_affected': '237,000',
'industry': 'Telecommunications/Media',
'location': 'United States',
'name': 'Comcast Corporation',
'size': 'Large (Revenue: $31.2B in Q3 2024)',
'type': 'Public Company (NASDAQ:CMCSA)'},
{'industry': 'Financial Services/Data Processing',
'name': 'Financial Business and Consumer Solutions '
'(FBCS)',
'type': 'Vendor (Bankrupt)'}],
'data_breach': {'data_exfiltration': 'Yes',
'number_of_records_exposed': '237,000',
'personally_identifiable_information': 'Yes',
'sensitivity_of_data': 'High (personally identifiable '
'information)',
'type_of_data_compromised': 'Personal data (customers of '
'internet, TV, home security '
'services)'},
'description': 'Comcast Corporation was fined $1.5 million by the FCC after '
'its vendor, Financial Business and Consumer Solutions (FBCS), '
'exposed the personal data of ~237,000 current and former '
'customers (internet, TV, and home security services). FBCS '
'went bankrupt before disclosing the August 2024 breach. '
'Comcast agreed to a compliance plan with enhanced vendor '
'oversight and privacy safeguards.',
'impact': {'brand_reputation_impact': 'Negative (amid regulatory scrutiny and '
'political pressure)',
'data_compromised': 'Personal data of ~237,000 customers',
'financial_loss': '$1.5 million (FCC fine)',
'identity_theft_risk': 'High (personal data exposed)',
'legal_liabilities': '$1.5M FCC fine; compliance plan mandated'},
'investigation_status': 'Resolved (settlement reached)',
'post_incident_analysis': {'corrective_actions': 'Enhanced vendor oversight '
'and customer-privacy '
'safeguards per FCC '
'compliance plan',
'root_causes': 'Vendor (FBCS) security failure; '
'lack of oversight'},
'references': [{'source': 'Benzinga'},
{'source': 'FCC Settlement Announcement'}],
'regulatory_compliance': {'fines_imposed': '$1.5 million',
'legal_actions': 'Settlement with FCC; mandated '
'compliance plan',
'regulations_violated': 'FCC consumer privacy rules',
'regulatory_notifications': 'FCC disclosure'},
'response': {'remediation_measures': 'Compliance plan with strengthened '
'vendor oversight and customer-privacy '
'safeguards'},
'title': 'Comcast Data Breach via Vendor FBCS Leading to $1.5M FCC Fine',
'type': 'Data Breach (Third-Party Vendor)'}