British Airways is facing a record fine of $230 million
British Airways is facing a record fine of $230 million for last year’s security breach when the?personal details of roughly 500,000 customers have been compromised.
It would be the largest penalty under the General Data Protection Regulation (GDPR). The previous record has been set when?French data regulator CNIL fined Google €50 million for a data breach.
British carrier said it would fight the penalty, which is nearly 1.5% of its annual revenue. The company claims there wasn’t any fraudulent?activity on accounts linked to the theft. Moreover, British Airways spokesperson said the company responded quickly to the issue.
SEE ALSO:?Flying high with low-cost airlines: budget air trip tips?
Pay Space
Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.