Data breaches have made a remarkable impact on some well-renowned companies. In the year gone by, many companies were imposed by heavy penalties. Let’s have a look at them one by one.
UBER: In 2016, 57 million accounts of users had been hacked. To keep this breach under wraps, uber paid a heavy sum to the perpetrator. Due to this, the company was asked to pay $148 million dollar as fine. This proved to be the biggest data breach penalty so far.
YAHOO: In 2013, Yahoo suffered from a massive breach of about 3 billion accounts which it didn’t unveil for 3 consecutive years. Due to this, it was fined a total of $85 million for 3 billion accounts.
TESCO BANK: Due to the ineffective design of Tesco bank’s debit cards and a team of financial crime operations, it has to experience a massive breach of about $3million from 9000 customer accounts in 2016. The UK’s financial conduct authority imposed the fine of $21 million.
ANTHEM: It is a US-based firm, gone through a breach in 2015 that included private data of 79 million people. The US department of health and human services fined $16 million for violating HIPAA policies.
THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER: This center was the victim of 3 breaches between 2012 and 2013. The outcome of this breach was that the health information of 33,500 patients gets lost. Therefore, it was fined $4.3 million for HIPAA violations
FRESENIUS MEDICAL CARE NORTH AMERICA: It suffered from 5 breaches at different company locations. Therefore, fined by $3.5 million for HIPAA violations.
EQUIFAX AND FACEBOOK: These 2 companies were fined for data failures under pre-GDPR data protection act. The fine was $650,000. Facebook was given the bill while Equifax was imposed the penalty for its breach where data of 147 million customers was leaked.
These high profile firms suffered a lot from large-scale breaches since new laws came into force. Therefore, it is crystal clear that there will be some expected penalties as well that are described below.
British Airways: It paid $650 million lawsuits for losing 380,000 customers card details.
Morrisons: Payroll information of 100,000 employers of Morrisons was leaked in 2014. However, it is planning to appeal to the Supreme Court.
Dixons Carphone: The record of 5.9 million customers has been leaked. This may result in heavy penalties in the future.
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