Another week, another data breach. This time British Airways is the latest victim of a major cyberattack, with personal and financial details of 38,000 customers stolen from its website and mobile app.
The airline could be fined up to €1 billion under new European Commission regulations where data breach penalties can be levied up to 4% of the companies’ turnover, plus there’s significant risk of damage to customer relations and brand reputation.
The attack is reported to be the result of supply chain risk and highlights just how important is it for organisations to have adequate cybersecurity.
The US Government is certainly aware of this.
It has recognised that key departments, including Department of Defense, Department of Homeland Security, the Intelligence Community, as well as Government Owned Utilities, are highly targeted and in great need of an effective, scalable cyber risk framework.
The US Government recently upped its focus on the systemic risks posed by IT and software supply chain vendors at Department of Defense and Department of Homeland Security specifically, and is taking proactive action to protect itself from cyber threats.
A contract with global online…
