A Parliamentary inquiry into the TalkTalk hack has said that telco CEOs’ salaries should be garnished if their firms’ cyber security practices are lacking.
The report by the Culture, Media and Sport Committee, titled Cyber Security: Protection of Personal Data Online was initiated last November as “an inquiry into cyber-security following the recent attack on TalkTalk’s website.”
Its 17 recommendations were published today (PDF), including one linking CEO compensation to effective cyber security.
TalkTalk’s CEO Dido Harding, who earned £2.8m last year, offered contradictory and confusing comments following the breach of 21 October, earning her much criticism from affected customers.
The Parliamentary committee’s report reflects this, recommending that “CEO compensation should be linked to effective cybersecurity” and also recommended that the Information Commissioner’s Office (ICO) “should introduce a series of escalating fines, based on the lack of attention to threats and vulnerabilities which have led to previous breaches.” For the full article click here
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