INTERNATIONAL - British Airways owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK’s Information Commissioner’s Office .
BA indicated that it planned to appeal against the fine, the product of European data protection rules, called GDPR, that came into force in 2018. They allow regulators to fine companies up to 4 of their global turnover for data-protection failures. BA’s chairman and chief executive Alex Cruz said he was “surprised and disappointed” by the proposed penalty.“We have found no evidence of fraud/fraudulent activity on accounts linked to the theft.”
“We intend to take all appropriate steps to defend the airline’s position vigorously, including making any necessary appeals,” he said.Analyst Gerald Khoo at broker Liberum said the proposed fine equated to about 9 pence per IAG share.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
PICInquiry: I am prudent with people's money, says Matjila | IOL Business ReportPICInquiry: Former chief executive of PIC Dr Daniel Matjila began his testimony at the PIC commission of inquiry by detailing his long and illustrious career, both in academia and in the private sector finance industry. busrep
Fonte: IOL - 🏆 46. / 51 Leggi di più »
#PICInquiry: 'Dan Matjila couldn't have acted alone' | IOL Business ReportPICInquiry: The PSA's Tahir Maepa says PIC CEO Dan Matjila couldn't have acted alone in making final investment decisions at the state-owned entity, adding that every member of the PIC board has to account for any alleged wrongdoing. busrep
Fonte: IOL - 🏆 46. / 51 Leggi di più »
Bantu Holomisa submits letter to #PICInquiry's Advocate Lubbe | IOL Business ReportPICInquiry: UDM leader Bantu Holomisa has written a letter to the Mpati Commission of Inquiry evidence leader, Advocate Jannie Lubbe, for use on the day that former PIC chief executive, Dan Matjila, provides testimony. busrep
Fonte: IOL - 🏆 46. / 51 Leggi di più »
#PICInquiry: Matjila defends PIC investments in unlisted portfolios | IOL Business ReportIn his submission to the commission, Holomisa fingered three companies that are directly or indirectly linked to the PIC.
Fonte: IOL - 🏆 46. / 51 Leggi di più »