UK Companies Fined £6.5M For Data Breaches In 2018
Law360, London (May 29, 2019, 3:41 PM BST) -- British companies were slapped with a total of £6.5 million ($8.2 million) worth of fines for breaching data protection laws during 2018, research from PricewaterhouseCoopers showed Wednesday, amid calls from insurers for transparency in cyberattack reporting under the EU's data regime.
The Information Commissioner's Officer levied the hefty fines against companies that failed to protect customer information or misused other data. But though the value of the fines was over £2 million more than the £4.2 million that the ICO levied in 2017, PwC said that the number of enforcement actions the data regulator took fell to 67 in 2018, from...
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