Nigel Houlden of the U.K. Information Commissioner's Office advised that enterprises that fail to properly assess the risks of the vulnerabilities and patch them can face hefty fines as stipulated in EU General Data Protection Regulation (GDPR).
This is the season when cybercriminals take advantage of eager holiday shoppers across the globe. Travelers and online shoppers are targets this year, and the rise in social media scams is also a cause for concern.
Bill-payment processor company TIO Networks, recently acquired by PayPal, suffered a data breach incident early this month. Social security numbers, names and addresses were included in the data compromised.