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Over 59K Data Breaches Reported in EU Under GDPR
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RyanSepe
RyanSepe,
 User Rank: Ninja
2/6/2019 | 3:07:42 PM
GDPR
It seems as if GDPR is doing well in getting companies to publically report its breaches. The question in my mind is will the imposed fines cause these companies to actually increase their security posture. In an ethics class I took long ago, their was a premise that if a fine = x per year but by not implementing the safeguard you saved x + y, then the choice from a cost perspective was obvious. An example of this was Chase bank not adhering to certain aspects of the Dodd-Frank act. They were making much more money per month by circumventing the control than regulators were imposing so the fine essentially became ineffective.
REISEN1955
REISEN1955,
 User Rank: Ninja
2/6/2019 | 2:39:31 PM
Do the math
Stand-out statistic.  Since May of 2018 (less than a year ago) there are over 59,000 data breaches reported - so that is 256 a day if you assume about 250 days since inception time.  I am well off but it is an imnpressive number on a per day basis anyway you slice it. 


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