Cybersecurity breaches are the number one threat in today’s business landscape.Incidents come in many forms: cyber attacks; laptops left on trains; malicious staff; or, even more simply, accidental data loss caused by human error.But the point was made that the fine under GDPR was going to be much, much greater than that. But not only that, Dido Harding might not just have lost a job she might have gone to prison.Now in the first sort of 6 months post GDPR there was 70 prosecutions.Now we’ve all we see those emails, but somebody complained to the ICO that their email has been distributed and they received a fine of £50,000. But, do people in your team, the people in your business understand that this is an issue.Uber had received a huge fine, so they were fine £900,000. It's a lot of fun to just hang out here and talk. Im way not into Myspace, it's what everyone's doing, so I shunned it. Everyone I've met on here loves this site too, and we all meet up on here.
But not only that, their CEO Dido Harding, lost her job.
Again still, under the Data Protection Act, of that 900 [thousand] 385 [thousand] of it came from the ICO in the UK. But the ICO made the point that, had this fine happened under GDPR the fine could have been £17, 000, 000 pounds. The biggest one, though, that we’re all waiting on is British Airways.
Because, the British Airways breach most definitely happened under the realm of the new GDPR law. It was the believed to be the same team who did the Ticketmaster breach, but it was a 15-day hack 380,000 people had their card details stolen there were 3 days of cancelled flights and it was huge!
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British Airways have responded appropriately, they came out immediately, the CEO has made statements and so on. All of the things that you do to mitigate a breach also mitigates your potential fine.