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Eversheds comment: Business blindness to cybersecurity risk will alarm Information Commissioner

  • Ireland
  • General

28-01-2016

Following research from Aviva showing that many UK businesses don’t know how to deal with cyber crime, Marie McGinley, data privacy expert at law firm Eversheds, comments:

“The spike in cyber-attacks is a real issue for Irish businesses, however, what is more alarming is the lack of awareness within many companies in relation to an actual cyber-attack and what to do in the event of such an attack. This is particularly concerning considering the implications for breach of security of personal data. Data protection legislation imposes data security obligations on companies that process personal data and these obligations become more relevant in the event of a cyber-attack.
 
“The pain of non-compliance will only increase. Businesses have two years to get their houses in order before the GDPR replacement data protection laws bite – when compulsory audit and fines of up to 20m Euros or 4% of global annual turnover become a reality. Consumers and staff too are growing weary of security breaches, and there are already signs that individual compensation and group litigation claims are on the rise.”

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