--: Security Fines for Hacked Companies: The Aftermath of Sony

Security Fines for Hacked Companies: The Aftermath of Sony

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The EU's General Data Protection Regulation is passing new legislation, allowing it to fine companies up to €100 million, or 5% of turnover, should investigators deem that they fail to secure their data. The legislation is expected to come into effect in 2017.

This news comes in the aftermath of the infamous Sony hack, which shocked the company into recalling its Christmas blockbuster The Interview from theatres. While the political side of the affair was well documented in the press, with many blaming North Korea for the hack, less covered was the security breach regarding personal information of Sony employees.

Sony is already being sued by two employees who claim that the company failed to protect their personal data. This is perhaps the second largest case of personal information hacking in 2014, after Target customers' credit card data was stolen earlier in the year.

Now that the GDPR is piling on the pressure for companies to strengthen their security systems, it will be interesting to see where the next big breach will be, and how the world will respond.

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Stanley Ng

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