Sizable fines assessed for data breaches since 2019 suggest that regulators are getting more serious about organizations that don’t properly protect consumer data. Marriott was hit with a $124 million fine, later reduced, while Equifax agreed to pay a minimum of $575 million for its 2017 breach. 

This comes after an active 2018. Uber’s poor handling of its 2016 breach cost it close to $150 million. Weakly protected and heavily regulated health data cost medical facilities big that year, too, resulting in the US Department of Health and Human Services collecting increasingly large fines.

You May Also Like

How cybercriminals turn “harmless” stolen or leaked data into dollars

Now nearly halfway into 2021, more than two-dozen high-profile data breaches have…

You can earn 1.5 million dollar by finding vulnerabilities in Android 13 Beta

Google has decided to temporarily increase payments in its vulnerability bounty program…

Did Facebook’s business model make the company an easier target for cybercriminals?

Facebook co-founder, Chairman and CEO Mark Zuckerberg arrives to testify before the…