Global Tel*Link, a prison phone company, exposed the personal information of 650,000 users with inadequate safeguards and failed to alert them, according to the Federal Trade Commission (FTC). The firm has now agreed to revamp its security measures and will provide free credit monitoring and identity protection. Although no financial penalty has been imposed, further breaches could trigger fines of $50,120 per violation.
"If you think your day to day job as a CISO is hard, wait until you're dealing with a major breach": why your business needs cyber insurance
As the cyber insurance market matures, do firms actually need it and if so, how should they choose a policy?
