Verizon announces a $25,000 reward program to protect communities from network vandalism
Verizon (NYSE, Nasdaq: VZ) announced a $25,000 reward program for information leading to the arrest and conviction of individuals who intentionally damage its network equipment.
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Rhea-AI Summary
Verizon (NYSE, Nasdaq: VZ) announced a $25,000 reward program for information leading to the arrest and conviction of individuals who intentionally damage its network equipment. The move follows recent fiber cable vandalism in Los Angeles and Southern California that disrupted wireless and wireline services for thousands of customers.
According to Verizon and industry data, California recorded 6,297 attacks in 2025, including 1,131 in Los Angeles, with outage-related economic losses of $252.6 million. Verizon’s network and security teams are working with law enforcement nationwide, and the company urges witnesses to call 911 and then contact Verizon Security at 1-800-997-3287. Verizon reported $138.2 billion in 2025 revenue.
Details
News Market Reaction – VZ
On Aug 12, the first trading day after this news, VZ closed 0.61% below the previous close.
Data tracked by StockTitan Argus for the Aug 12 session.
Key Figures
- Reward
- $25,000
- Information leading to arrest and conviction for intentional equipment damage
- California outage losses
- $252.6M
- Economic impact of vandalism-related outages
- California attacks
- 6,297 attacks
- California in 2025
- Los Angeles incidents
- 1,131 incidents
- Los Angeles in 2025
- Reported incidents share
- More than half
- California and Texas account for reported vandalism incidents
- Revenue
- $138.2 billion
- Verizon revenues in 2025
Historical Context
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Frontline team supported public safety agencies during America 250 celebrations
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Verizon waived charges and provided connectivity support during Washington wildfires
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NFL Sunday Ticket promotion offered savings with eligible Verizon plans
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Bain and Tillman announced $1.5 billion investment supporting Verizon fiber expansion
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Service revenue and adjusted EBITDA rose while Verizon raised full-year guidance
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOS ANGELES, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Verizon today announced a
Over the past several days, vandals cut multiple fiber cables causing service interruptions for customers in Los Angeles and parts of Southern California. Acts of network theft and vandalism represent a direct threat to the safety and security of our communities, emergency services, healthcare and all who rely on critical communications. Vandals also put their own lives at risk when perpetrating these crimes.
“These are criminal acts, affecting people’s safety and are putting lives at risk,” said Vandana Venkatesh, Verizon’s chief legal officer. “We are actively investigating several recent incidents and are pursuing all avenues to assist law enforcement in finding and convicting the perpetrators of these acts.”
According to industry data, California is at particular risk for vandalism - when it comes to the economic impact of these outages, the state saw the largest losses at
- California and Texas account for more than half of all reported incidents.
- California is the hardest hit state with 6,297 attacks in 2025 and with Los Angeles in particular experiencing 1,131 incidents.
It’s not just California, nationwide, the industry deals with thousands of incidents of vandalism of cables each year. Verizon stands committed to protecting America’s infrastructure.
“Across the country, people rely on us for critical connectivity 24 hours a day, 7 days a week,” said Joe Russo, EVP & President of Global Networks and Technology, “Our network and security teams are working with law enforcement at all levels in tracking down the perpetrators and bringing these egregious acts to an end. This must stop because our communities should not be put at risk by thieves who vandalize or steal cables.”
The company is offering rewards of
This announcement was originally published by Verizon. Read the original press release.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of
VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.
| Media contact: | |
| Diana Alvear | Kevin Israel |
| 973.647.4176 | 908.902.0324 |
| diana.alvear@verizon.com | kevin.israel@verizon.com |
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