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24 May 2021updated 05 Oct 2023 8:17am

Why getting hacked should be more expensive

Data breaches directly affect customers of businesses, but companies themselves have been getting off relatively lightly – so far.

By Will Dunn

Where will you be celebrating the third birthday of the General Data Protection Regulation (GDPR) tomorrow (Tuesday 25 May)? A bar with privacy-enhancing booths? That restaurant where everyone eats in the dark? Or perhaps simply by offering a friend a cookie they’re not sure they want, then making them sign a series of confusing forms in order to accept it?

Three years ago, the EU implemented its data protection law, which led businesses to send many millions of emails asking for permission to send billions more emails (my personal favourite invited me to “stay engaged with radioactive waste”).

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