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Data breaches a 'time bomb', warns security report

Data breaches a 'time bomb', warns security report (Trends, Reports, Analysis)

Data breaches are a "time bomb" under companies that let customer information go astray, warns a security expert. Companies that lose data face fines of up to 4% of their global revenues, under European data protection laws. Mr Sartin was speaking following the publication of a report analysing thousands of successful attacks. The annual Verizon Data Breach Investigations Report (DBIR) collates information from more than 2,000 confirmed breaches that hit large and small organisations all over the world. The General Data Protection Regulation came into force in Europe in 2018 and requires companies that lose data to notify regulators quickly after a breach. Mr Sartin said he was "surprised" so little information about data breaches had shown up in public in the 12 months since GDPR came into force.

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