05:26 AM EDT, 07/16/2024 (MT Newswires) -- (Updates with reaction from AT&T ( T ) in the last paragraph.)

AT&T ( T ) paid a hacker $380,000 to destroy data they had stolen from the company, Bloomberg reported Sunday, citing the hacker and an unnamed source who confirmed the successful extortion attempt.

Bloomberg said an analysis of the Bitcoin wallet address provided by the hacker appeared to confirm a transaction consistent with the payment in mid-May.

Bloomberg said the hack may have included six months of 2022 call and SMS logs, including location data, of nearly all of the company's wireless customers.

Bloomberg said the hacker also provided a seven-minute video purportedly destroying the data to show that they had fulfilled their part in the deal.

An AT&T ( T ) spokesperson declined to comment to MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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