Companies may try to bypass GDPR fines by negotiating with cybercriminals

Europol, the EU’s policing agency, released a report on September 18 in which they warned that EU data protection laws may lead to an increase in cyber-extortion. Claim that companies may prefer to negotiate fees with hackers rather than pay GDPR fines was drawn up from responses to a survey Europol had sent out to private partners.

Europol goes on to warn that if such companies are to negotiate with cybercriminals, then they “will only fund further attacks and other criminal activity” and that the organisation at risk has no guarantee that “the attacker will not disclose or otherwise exploit information.”

Source: Companies may try to bypass GDPR fines by negotiating with cybercriminals, Europol say – EURACTIV.com

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