UK regulator proposes fining British Airways a record CDN$300 million over data breach

By Howard Solomon for IT World Canada
Monday, July 8, 2019

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Security companies were quick to issue news releases on the issue.

“This is a gloomy reminder that web and mobile application security is essentially important, and if negligently disregarded – may cost hundreds of millions,” said Ilia Kolochenko, CEO of web security company ImmuniWeb. “Prompt reaction, investigation and rapid notice won’t be good enough to avoid formidable fines. Prevention is much better than cure from financial, reputational and operations standpoints.” Read Full Article