British Airways fined £20 million for data breach by ICO

Jack Taylor | Getty Images News | Getty Images

LONDON — British Airways has been fined £20 million ($26 million) by the Information Commissioner’s Office (ICO) in the U.K. over a data breach in 2018 that left the personal and financial details of 429,612 BA customers exposed.

Following an investigation spanning almost two years, the ICO concluded that British Airways did not have sufficient security measures in place to process significant amounts of personal data.

The regulator said the failure broke data protection law.

While the fine is less than the £183 million the ICO said it would issue in 2019, it is still the largest-fine ever issued by the watchdog, which said the “economic impact of Covid-19” had to be taken into account.

The attacker is believed to have accessed the names, addresses, payment card numbers and CVV numbers of 244,000 British Airways customers.

A further 77,000 customers had their combined card and CVV numbers accessed, and an additional 108,000 customers had just their card numbers accessed.

The regulator said that the usernames and passwords of up to 612 BA Executive Club members may also have been compromised.

It took British Airways more than two months to realize it had suffered a data breach.

Information Commissioner Elizabeth Denham said in a statement: “People entrusted their personal details to BA and BA failed to take adequate measures to keep those details secure.”

“Their failure to act was unacceptable and affected hundreds of thousands of people, which may have caused some anxiety and distress as a result. That’s why we have issued BA with a £20 million fine – our biggest to date.”

“When organizations take poor decisions around people’s personal data, that can have a real impact on people’s lives. The law now gives us the tools to encourage businesses to make better decisions about data, including investing in up-to-date security.”

A British Airways spokesperson told CNBC: “We alerted customers as soon as we became aware of the criminal attack on our systems in 2018 and are sorry we fell short of our customers’ expectations.

“We are pleased the ICO recognizes that we have made considerable improvements to the security of our systems since the attack and that we fully co-operated with its investigation.”

Source link




Treasury yields higher following stimulus, vaccine news

The 10-year U.S. Treasury yield hit 1.6% once again on Friday morning, after President Joe Biden signed his stimulus package into law and...

Levi’s (LEVI) reports Q4 2020 earnings, sales beat

Levi's clothes are seen on a store shelf in Miami, Florida.Joe Raedle | Getty ImagesLevi Strauss & Co. reported Wednesday its total holiday-quarter...

Garret Miller says he was following Trump’s orders, apologizes to AOC

A Texas man charged with invading the Capitol and threatening Rep. Alexandria Ocasio-Cortez said Monday that he was effectively following then-President Donald Trump's...

Incoming Stitch Fix CEO says ‘timing felt right’ for executive transition

Incoming Stitch Fix CEO Elizabeth Spaulding told CNBC on Thursday the company is confident in the timing of its executive shakeup, explaining that...

Fortnite creator Epic Games’ valuation jumps to $29 billion

This illustration picture shows a person waiting for an update of Epic Games' Fortnite on their smartphone in Los Angeles on August 14,...