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Violation of Article 6(1)(a) GDPR by processing personal data without consent or any other legal basis. When imposing the fine, the AEPD took into account: The type of data affected: basic identifiers such as names, surnames, phone number. The relation between the processing and the business activities of the respondent.
It is estimated that the average cost of a data breach will be over $150 million by 2020, with the global annual cost forecast to be $2.1 trillion. [2] [3] As a result of data breaches, it is estimated that in first half of 2018 alone, about 4.5 billion records were exposed. [4]
Security breach notification laws or data breach notification laws are laws that require individuals or entities affected by a data breach, unauthorized access to data, [1] to notify their customers and other parties about the breach, as well as take specific steps to remedy the situation based on state legislature. Data breach notification ...
In the first half of 2024, the number of data breach victims surpassed 1 billion, according to the nonprofit Identity Theft Resource Center. That's a 490% increase from the same time last year ...
The lawsuit says the December 2021 data breach resulted, “in the unauthorized public release of the personally identifiable information of 8.2 million current and former Cash App Investing ...
Around a year ago, 23andMe had a data breach that led to 6.9 million profiles being accessible. Now, the company has agreed to pay a $30 million settlement after a class-action lawsuit was brought ...
Data breaches are happening at an alarming rate as more and more data is stored in the cloud. In 2023, 82% of breaches involved data stored in the cloud, according to an IBM report as reported by ...
In addition to paying a fine of $80 million, Capital One (COF) has to ensure that it has adequate cyber security in place and submit the plans for review to the regulators.