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Businesses fined £14.3m in 2023 for misusing data, analysis reveals

Charlotte Riley

In 2023, the Information Commissioner’s Office (ICO) ordered 18 businesses to pay more than £14.3 million in fines for misusing data, according to analysis by cyber security and data protection consultancy CSS Assure.

The ICO also reprimanded 36 companies, issued enforcement notices against a further 19 and prosecuted four businesses for failing to meet their information rights obligations.

At £12.7 million, social media platform TikTok was hit with the largest fine for breaching data protection law, including failing to use children’s personal data lawfully – with the ICO estimating that up to 1.4 million under 13s in the UK were able to use the video sharing app in 2020.

: THE EDITORIAL TEAM; Industry News; Posted On Tuesday, 09 January 2024 18:25

Acronis Visionary Approach to Cybersecurity for MSPs Highlighted in Frost Radar: Endpoint Security, 2023

Recognition shows why MSPs consider Acronis a best-of-breed solution for modern cybersecurity

London, UK: Acronis has been highlighted in Frost & Sullivan’s Frost Radar report for Endpoint Security as one of the top companies in the space. The report illustrates the innovation and growth potential of Acronis, and why the company should be strongly considered by organisations looking to invest in or augment the protection of their endpoints.

: THE EDITORIAL TEAM; Cyber Security & e-Crime; Posted On Saturday, 06 January 2024 12:51

Drata Launches Third-Party Risk Management

New Research from Drata Shows 80% of Security Professionals Lack Full Visibility into Third-Party Security Posture

SAN DIEGO: Drata has announced its Third-Party Risk Management (TPRM) offering, empowering customers to identify, evaluate, and monitor third-party risks in one centralized and integrated platform. TPRM and several other enhancements are showcased at Drataverse Digital on December 12, at 10 am PT, 1 pm ET.

: THE EDITORIAL TEAM; Industry News; Posted On Saturday, 06 January 2024 12:45

M&A activity set to increase in 2024 due to private equity market

Private equity firms expected to grow in confidence, with increased volumes in 2024

Claire Trachet, M&A expert and CEO/Founder of business advisory, Trachet, discusses the landscape for M&As as we shift into 2024

A recent Office for National Statistics (ONS) report reveals a fluctuating trend in M&A activity in the UK throughout 2023. The year began with a dip in July and a further decline in August, but September marked a pivotal moment as total numbers stabilised, indicating potential equilibrium. Factors such as strategic adjustments, enhanced regulatory clarity, and external economic influences contributed to this stabilization. Despite the challenges, legal experts anticipate a growing confidence in private equity (PE) deal activity for 2024. Claire Trachet, CEO/Founder of business advisory firm, Trachet, discusses what’s on the horizon for M&As in 2024.

The PE market has displayed resilience amid the overall M&A landscape. While larger buyouts have become less common, PE firms are expected to grow in confidence, with increased volumes in Q4 of 2023, underscored by the ONS report which shows a divergence in the PE market, where high-quality assets face aggressive strategies, while other assets experience extended processes marked by heightened due diligence.