CEOs' Pay Should Be Cut If Firms Fail To Protect Against Hacks

Posted by HardOCP News 11:29 AM (CDT)

Monday June 20, 2016

Hah! Could you imagine if companies around the world had to do this? You can bet security would be taken a whole lot more seriously if fines against the company came out of the CEO's pay.

A new UK parliamentary report recommends that businesses face escalating fines for cybersecurity breaches, with the biggest penalties reserved for firms that succumb to "plain vanilla" intrusions, such as the SQL attack on telco TalkTalk. The heaviest penalties should be levied against companies that experience "continued vulnerabilities and repeated attacks", the report from the UK's Culture, Media and Sport Committee notes.