But two senior employees at some of the UK's most prominent cybersecurity firms say the use of NDAs by clients means similar breaches aren't being disclosed to the authorities.The use of NDAs has become standard practice between those offering cybersecurity expertise and their clients, due to the sensitive nature of their work.
Under the GDPR, failure to notify authorities of a data breach can cost a company up to $11 million or 2% of global annual turnover, depending which is higher. In the UK, companies affected must notify the ICO within 72 hours of becoming aware of the breach. He added: "The key priority for businesses should be to protect the personal data of their clients. There should be transparency between businesses, cybersecurity firms and the ICO to ensure this is upheld."
Paul Sutton, head of research and development at cyber firm Redscan, agreed, saying it was the responsibility of the breached organisation to report it.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Holiday fulfillment may drive customer loyalty - Business Insider - Business InsiderRetailers that use omnichannel fulfillment options may be best positioned to successfully handle their e-commerce orders this holiday season.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dispensed Business Insider weekly healthcare newsletter December 6 - Business InsiderDispensed: Hospital CIOs dish on the cloud, digital chiefs talk tech in healthcare, and how our editor picked his health plan
Source: BusinessInsider - 🏆 729. / 51 Read more »
Vodafone UK turns key operations over to digital - Business Insider - Business InsiderVodafone UK has reduced headcount in network operations centers thanks to the introduction of digital tools, like chatbots and automated networks.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The Digital Health Ecosystem Report from Business Insider Intelligence - Business Insider[NEW REPORT] The second annual Digital Health Ecosystem from BIIntelligence is an in-depth examination of the players and tech trends reshaping the future of healthcare:
Source: BusinessInsider - 🏆 729. / 51 Read more »
UK regulators take a hard line on outages - Business Insider - Business InsiderMajor UK financial regulatory bodies have put out a shared policy summary aimed at preventing prolonged tech problems in the banking sector
Source: BusinessInsider - 🏆 729. / 51 Read more »
Boohoo cofounders sell $186 million stake in the company - Business InsiderCofounders Mahmud Kamani and Carol Kane sold 4.3% of Boohoo's equity, reducing their combined holding to 15.8%. hasanminhaj's effect?
Source: BusinessInsider - 🏆 729. / 51 Read more »