Posts tagged "data breach penalty laws"

The firm was hit by a cyber attack in March after a hacker used privileged credentials from a third-party vendor to access its systems and steal the data of 7.9 million customers.

Small businesses should have a defined strategy for compliance with these laws and safeguards against network hacks, and data loss, including training staff, asset identification, data supply chain review, audit and reporting. Reducing risk now could protect if a vulnerability arises tomorrow. 

Parliament has approved the $50 million fine increase for data breaches but there are some concerns. Here's what SMEs need to know.