British Airways Hit With Record Fine For Data Breach (bbc.co.uk) 47
AmiMoJo writes: British Airways is facing a record fine of 183m Pound ($230m) for last year's breach of its security systems. The Information Commissioner's Office said the incident took place after users of British Airways' website were diverted to a fraudulent site. Through this false site, details of around 500,000 customers were harvested by the attackers. The BA penalty amounts to 1.5% of its worldwide turnover in 2017, less than the possible maximum of 4%. The fine amounts to around 10% of BA's profits for that year.
Finally (Score:4, Insightful)
Maybe companies will start spending money on infrastructure and security.
One can hope (Score:5, Insightful)
However one of BAs CEOs (they've had a few in the last decade) took great pride in talking about how he'd outsourced a lot of the IT systems , mostly to India. Then they had a couple of massive system crashes and now this. Unfortunately you can't educate MBA pork.
Re: (Score:3)
Indeed, the convenience of the internet isn't all profit. Got to actually protect our stuff. About time a fine was somewhat done correctly in these areas.
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Maybe companies will start spending money on infrastructure and security.
Because now that all that money has been taken away from the company the IT department is now flush with cash? It would be better to have ordered them to spend that much on data security perhaps.
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Breech? (Score:5, Funny)
Oh, you meant data breach? Well then, editors, spell it properly, please.
Re: (Score:2)
Maybe BA lost their data pants (breeches), exposing their data's bare breech (buttocks).
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Yes, it's butt-first. In computer-speak it's called LIFO (Last In First Out). Basically a stack. Normally an ultrasound shows the problem and the data is delivered by caesarean section. Basically you manipulate the stack pointer directly to get the data properly. But these newbs tried to just grab it, so now they have to re-order it. That should keep them busy if they ever figure it out.
Data Breech? (Score:3)
Need to send the Slahsdot editor corps to Gun Safety class (which was a real class when I was in high school).
Re:Data Breech? (Score:5, Interesting)
In my day, you were expected to learn that stuff at home.
Which, of course, is because I was born after they took the guns out of the schools.
We had archery in my junior high school, though. And in fact I did learn about gun safety at home.
We should bring it back just so the cops understand it, at this point.
Whiney Americans in 1..2.. (Score:4, Insightful)
American: Wahhh someone should do somthing about these corporations...
Europe: - actually does something -
American: OH wow there they go again handing out big fines. They JUST HATE FREEDOM AND DEMOCRACY"!!!!!!
Comment removed (Score:5, Funny)
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This again. The EU is only going after the US companies. First Google, Facebook and Apple and now, er, now, uh. ... Wait/p>
What comparable companies are there in the EU? None that I can think of.
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What comparable companies are there in the EU? None that I can think of.
SAP . . . ? Located near scenic Heidelberg, Germany.
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List of largest European companies by revenue [wikipedia.org]
There are a lot of very large companies in the EU. Everyone forgets tech companies are relatively small in terms of revenue and profits, they just have ridiculously high share prices...
Re:EU needs some money (Score:5, Informative)
Only the fine is being levied by the Information Commissioners Office (ICO), which is UK based, not part of the EU itself and will continue to exist even after the UK leaves the EU.
https://ico.org.uk/ [ico.org.uk]
Data Breech (Score:2)
When data leaks out sideways.....
Breech? (Score:3)
I always hate when my data comes out backwards. Is that called "butt-endian?"
Problem is credit card, need more like Bitcoin! (Score:2)
Re: (Score:2)
And what will this windfall be used to fund?
As with most democratic governments it will fund the extravangant pay rises for the fat politicians that are simultaneously telling the public that they need to tighten their belts to make it through the current tough economic conditions.