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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.
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 ...
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]
AAG reports that, in 2024, data breaches cost the average business a whopping $4.88 million. In the United Kingdom, around half of all businesses experienced some form of cyber attack in 2023.
According to an IBM report, the average cost of a data breach in 2019 was $3.92 million, while a healthcare industry breach usually costs $6.45 million. However, the average cost of a healthcare data breach (average breach size 25,575 records) in the U.S. is $15 million. [16]
The data breach last month that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than $100 million, the Las Vegas-based company said. MGM said that reservations and ...
The state's government said it was among multiple organizations impacted by a software vulnerability.
In 2016, researcher Sasha Romanosky estimated that while the mean breach cost around the targeted firm $5 million, this figure was inflated by a few highly expensive breaches, and the typical data breach was much less costly, around $200,000. Romanosky estimated the total annual cost to corporations in the United States to be around $10 billion.