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Government to increase fines for massive data breaches to a minimum of $50 million, page-7

  1. Kieded
    72 Posts.
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    25/10/22
    10:06
    Post #: 64375929
    Is it worth spending 5 - 10 million on cyber security if the fines are only 2.2 million? I mean yes it is becasue there are other costs to being hacked - reputation, good will etc but I see how some companies don't take it that seriously.

    Now is it worth spending 5 - 10 million on cyber security when the fines are 50 million? I'm glad the govt is forcing companies to take this seriously!
    TNT Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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