Do we need tougher breach notification rules?

By Nic Fearn for Computing
Thursday, May 14, 2020

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The Travelex ransomware raises the question, once again, of whether organisations should be obliged to provide more information.

Ilia Kolochenko, CEO of ImmuniWeb, believes that tougher rules could result in organisations concealing breaches because over-regulation will make disclosure economically impractical and could even drive them out of business. He says: "Others will simply quit the industry, people will lose jobs and the economy will suffer. Thus, it is essential to maintain the right balance between the rights of the would-be victims and concerned organisations that will eventually bear the burden amid economic slowdown and looming financial crisis."

With the connected ecosystem rapidly growing, it's likely that we will continue to see data breaches hitting the headlines - and, perhaps, many more that won't. As a result, there will be a growing need for robust breach notification rules that protect everyone. But making these tougher without damaging businesses, especially in the current climate, will be challenging. Read Full Article