In light of the news this morning that the value of the average data breach fine in the UK has doubled in one year, please find below comment Kaspersky Lab.
“Customers that entrust private information to the care of any online provider, should be safe in the knowledge that their data is stored securely. However, in the past year alone, many companies including four airlines announced they had suffered from data breaches, which demonstrates that the security solutions in place still aren’t strong enough.
“With data breaches happening more frequently, it’s no wonder that the fines are increasing. Companies that are not taking proper and adequate measures to protect their customers should face the consequences for their lack of care.
“If businesses face a data breach, they must inform customers and supply them with information to assist them during that time. Businesses also need to perform regular security audits on their website code and penetration testing of their infrastructure. Alongside this, all passwords should be protected using secure hashing and salting algorithms. The best way for an organisation to combat cyberattacks is by putting in place an effective cybersecurity strategy before that company becomes a target.”