Sizable fines assessed for data breaches since 2019 suggest that regulators are getting more serious about organizations that don’t properly protect consumer data. Marriott was hit with a $124 million fine, later reduced, while Equifax agreed to pay a minimum of $575 million for its 2017 breach.
Now, the Equifax fine has been eclipsed by the $1.19 billion fine levied against the Chinese firm Didi Global for violating that nation’s data protection laws, and by the $877 million fine against Amazon last year for running afoul of the General Data Protection Regulation (GDPR) in Europe.
To read this article in full, please click here
More Stories
Friday Squid Blogging: Squid Game Season Two Teaser
The teaser for Squid Game Season Two dropped. Blog moderation policy. Read More
Clever Social Engineering Attack Using Captchas
This is really interesting. It’s a phishing attack targeting GitHub users, tricking them to solve a fake Captcha that actually...
US Cyberspace Solarium Commission Outlines Ten New Cyber Policy Priorities
In its fourth annual report, the US Cyberspace Solarium Commission highlighted the need to focus on securing critical infrastructure and...
Cybersecurity Skills Gap Leaves Cloud Environments Vulnerable
A new report by Check Point Software highlights a significant increase in cloud security incidents, largely due to a lack...
Going for Gold: HSBC Approves Quantum-Safe Technology for Tokenized Bullions
The bank giant and Quantinuum trialed the first application of quantum-secure technology for buying and selling tokenized physical gold Read...
This Windows PowerShell Phish Has Scary Potential
Many GitHub users this week received a novel phishing email warning of critical security holes in their code. Those who...