Equifax Takes a £11.16M Tumble: A Tale of Outsourcing Woes and Data Breach Blues
Equifax’s £11.16 million fine for a data breach is a costly reminder that outsourcing doesn’t mean out-of-sight. It’s like letting kids play with sharp objects – unsupervised. You can outsource data, but not responsibility. So, Equifax data breach penalties? A stern telling off from mom (or the FCA in this case) for not playing safe.
Hot Take:
Well, well, well, if it isn't Equifax getting a slap on the wrist (or rather, a hefty £11.16 million fine) for being careless with UK consumer data. Who'd have thought outsourcing your data handling to your parent company without proper supervision and security checks could go wrong? Oh wait, everyone. The moral of the story? You can outsource your data, but not your responsibility. Treat your outsourcing partners like your children - don't let them play with sharp objects, or in this case, sensitive data, unsupervised.Already a member? Log in here