When GDPR (General Data Protection Regulation) comes into force in 2018, businesses not adhering to cybersecurity best practices risk either €20 million in fines or four percent of their annual global turnover, whichever is bigger. The media has been buzzing about this a lot lately, but how much is four percent really, at least among UK organizations? According to PCI Security Standards Council -- that could be up to £122 billion. Here’s how PCI SSC came to that conclusion. Last year, 90 percent of large organizations, and 74 percent of small and medium-sized enterprises, said they’d suffered a security breach,… [Continue Reading]
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