TalkTalk of the Town
The recent TalkTalk hacking was the third time in 2015 that the telecoms firm has suffered a cyber-attack, leaving the data held on millions of their customers at risk. Following several arrests, the investigation continues and it will take some time before the full details of what occurred are revealed.
The direct cost of responding to the incident to date is in excess of £35,000,000 and this is anticipated to increase substantially. As the incident exposed personal data, the Data Protection Act requires this to be reported. The reality is that cyber breaches are more common than believed but, where there is no legal requirement to disclose, they typically go unreported.
This may soon change however, as the new EU Data Protection laws come into effect. The recent TalkTalk hacking was the third time in 2015 that the telecoms firm has suffered a cyber-attack, leaving the data held on millions of their customers at risk. Our latest newsletter covers this incident and how Cyber insurance can help protect your organisation.
