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Record $230 Million Penalty Faced By British Airways Over Data Theft

A record $230 Million penalty is been faced by British Airways (BA)-owner IAG for the data theft from 500,000 consumers from its site last year. This surfaced under harsh new data-protection regulations enforced by the UK’s ICO (Information Commissioner’s Office). A fine of GBP 183.4 Million or 1.5% of BA’ 2017 global revenue has been proposed by ICO for the theft, which it claimed exposed poor safety provisions at the airline.

BA mentioned that it intends to plea against the penalty, the result of European data protection regulations, called GDPR, which were implemented in 2018. They permit watchdogs to fine firms up to 4% of their worldwide earnings for data-protection breakdowns. The attack entailed traffic to the website of BA being redirected to a deceitful site, where consumer information such as login, travel booking details, and payment card in addition to addresses and names were collected, said the ICO.

The chief executive and chairman of BA, Alex Cruz, stated he was “shocked and saddened” by the proposed fine. He said, “British Airways countered promptly to a criminal act to pilfer data of customers. We have discovered no proof of fraudulent/fraud activities on accounts related to the stealing.”

Likewise, TikTok, a famous Chinese video sharing application, is under scrutiny in the UK for how it gathers and processes private data of children. In a parliamentary hearing, the head of the UK’s ICO, Elizabeth Denham, stated the organization is examining whether TikTok breached the data privacy regulation GDPR—that needs firms to present specific protections associated with private data of children.

Denham said, “We are assessing the transparency tools for kids. We are examining the messaging system that is entirely open and also at the type of videos that are gathered and shared by kids online. Thus, we do have an active inquiry into TikTok at present.”

James Bean
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EDITOR-IN-CHIEF At Industry News Coverage

James Bean has been serving as an Editor-in-Chief in our organization for 7 years now. He has been always passionate about helping and guiding people in the Business world (in particular people who aspire to become entrepreneurs, marketers). As he feels that every minute detail is important, the best way to convey it is through writing and that’s what has driven him to this stream. James is given the responsibility to write news articles and reports relating to the world of Business, which entails, but not limited to, stock market, mergers & acquisitions, interviews of leading personalities, deals & agreements, digital economy, cryptocurrency, and other trending topics.

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