Average ICO data breach fine doubles to nearly £150,000 in 12 months
Increase a “wake up call” for businesses says law firm RPC.
The average fine issued by the Information Commissioner’s Office (ICO) for failing to protect against data breaches has doubled to £146,000 in the year to 30 September 2018, according to RPC.
The law firm calculated that the total value of penalties imposed by the ICO in the period rose to £4.98m, up 24% from £4 million the year before (see graph).
It listed three of the largest fines in the last year:
Equifax, which was fined the maximum £500,000 for failing to protect the personalOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk