ICO Data Breach Fines Are Flying High
It appears that the penalties associated with GDPR are starting to take effect. Given the severe warnings associated with GDPR, national data protection agencies in 11 countries have levied a total of 56m euros in fines in the first nine months since the new data regulation came into effect.
And it looks as if the fine count has just increased tenfold. At the start of July, British Airways were fined £183m by the ICO after hackers stole the personal data of half a million of BA’s customers.
The cyber criminals stole details including login, payment card, name, address and travel booking information after being diverted to a fraudulent website.
An investigation carried out by the ICO highlighted BA’s poor security arrangements in regard to data protection.
And in the same month, global hotel chain Marriott International was fined almost £100m over a major cyberattack in which hackers again accessed credit card details, passport numbers and other personal data belonging to a total of 339 million guests.
With such high-profile cases coming to light, it has really put the spotlight on how companies manage their data protection and storage management. It goes without saying that companies need to map out data requirements and assess how they store, process and transmit data.
As the complexity and importance of data grows then so do the challenges of manging it. Here we have outlined three vital key data protection and storage management obstacles facing organisations and why they must adhere to these if they want to avoid being the next company thrust into the public spotlight for all the wrong reasons.
1) Improved visibility
Understanding your environment and how it’s performing has never been so important, being armed with insight into the delivery of your service to ensure that you avoid disruption is vital. It’s imperative that IT departments have advanced and
reliable visibility into potential issues and failures that could cause service disruption and stop your business in its tracks.
Companies need to ensure their IT infrastructure is well enough resourced to handle all issues relating to storage management and data protection. Automating and outsourcing manual, time consuming operational management tasks - incident management, service requests and support issues – will help negate any resourcing issues.
3) Poor Performance
In today’s data-driven environment, it is vital that your storage management solution is securely protected and delivering crucial insights for your business. Companies need to minimise the risk and cost of unplanned downtime and make smarter use of their IT resources.
Looking to learn more?
If data is the new currency for the modern enterprise, don't gamble with its protection.
In an age of data-centric ‘always-on’ businesses, investment in data protection is a necessity as data growth increases at an unprecedented rate.
Download our latest eBook today and discover how Celerity can provide guaranteed levels of protection and continuous access to valuable data, allowing you to meet compliance requirements whilst improving the operational efficiency of your data protection solution, whether it be on or off-premise or in the cloud.