Capita’s Costly Blunder: £14 Million Fine for Epic Data Breach Fail
Capita was fined £14 million for a 2023 data breach exposing 6.6 million people’s personal data. Hackers accessed the network for 58 hours after an employee downloaded malware. Despite the hefty fine, Capita reassures investors that this won’t impact their financial guidance. Well, at least someone’s data isn’t breached—their investor’s confidence!
Hot Take:
Capita, a company known for its data-driven services, sure drove itself into a data breach ditch! For a business with £3 billion in revenue, you’d think they’d have more firewall and less fire drill. But alas, this £14 million fine from the ICO is a costly reminder that even giants can trip over their own digital shoelaces. Let’s just hope their new security measures are more ‘capita-lized’ than their past efforts!
Key Points:
- Capita fined £14 million by the ICO for a data breach exposing 6.6 million people.
- Initial fine was £45 million but reduced after Capita’s cooperation and improvements.
- Breach impacted 325 pension schemes and hit Capita’s extensive list of UK clients.
- Hackers had access for 58 hours despite breach detection within 10 minutes.
- Capita CEO claims the fine won’t affect investor guidance, now focusing on cybersecurity upgrades.