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On one hand, there's like a 1% chance the data was actually fully deleted. OTOH, $370,000 is literally nothing to AT&T, so paying "nothing" for a 1% chance of maybe the data getting deleted seems like a decent wager for AT&T to make?

Sonehow, I wonder if this might be more ass-covering than anytbing else. Perhaps to report to the regulator that they've done all they can. Or maybe, if they ever track down the people responsible fot the hack, you can imagine AT&T suing for breach of contract!
A bill in the future:

"Secure Data Fee - $4.51"

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