Minimizing risks and penalties of enterprise data loss
Data breach penalties
GDPR - European data protection regulation. Fines up to 10 Million Euros or 2% of annual turnover.
California Consumer Privacy Act (from Jan 1, 2020)
$100 to $750 fine for each California resident affected by a data breach.
Affects all companies over $25 Million annual revenues or posses personal information of 50K or more consumers/devices or over half of revenue from selling consumer personal information. Companies are required to implement new personal information acquisition processes allowing right for consumers to say no, activist groups can exercise opt-out rights
Insider threat and human error accounts for near 75% of attacks