Data Breach Penalties
Over the past five years, the surge in cyber attacks has led even the world’s largest companies to suffer multimillion-dollar losses. Notable entities such as Amazon, Instagram, TikTok, Home Depot, Whatsapp, and Meta (Facebook) have collectively faced around $4.14 billion in fines, penalties, and settlements due to significant data breaches. These substantial financial repercussions emphasize the growing significance of data protection, underscoring the imperative for organizations to prioritize cybersecurity.
Hill, Michael. 2023. “The Biggest Data Breach Fines, Penalties, and Settlements So Far.” CSO Online, September 18. READ FULL ARTICLE: https://bit.ly/47nws5G
