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UK broadband firm TalkTalk fined 400,000 pounds after 2015 cyber hack
October 5, 2016 / 5:21 PM / in a year

UK broadband firm TalkTalk fined 400,000 pounds after 2015 cyber hack

LONDON (Reuters) - Britain’s data protection regulator said on Wednesday it fined British broadband provider TalkTalk 400,000 pounds ($509,000) for security failings that allowed hackers to launch a cyber-attack last year.

A man walks past a company logo outside a TalkTalk building in London, in this file photograph dated October 23, 2015. REUTERS/Stefan Wermuth/Files

The Information Commissioner’s Office (ICO) said TalkTalk could have prevented the attack last October if it had taken basic steps to protect customers’ information, and described how the hackers accessed data “with ease”.

Information Commissioner Elizabeth Denham said TalkTalk should have done more to safeguard its customers.

“Today’s record fine acts as a warning to others that cyber security is not an IT issue, it is a boardroom issue,” Denham said in a statement.

The attack affected around four percent of the company’s 4 million customers and cost it around 60 million pounds.

Shares in TalkTalk, which competes with BT, Sky and Virgin Media, traded up 0.7 percent at 211 pence at 1255 GMT.

Reporting by Sarah Young; editing by Stephen Addison

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