British Airways Sets Aside EU 22 Million for 2018 Data Breach

British Airways said that it has set aside 22 million euros as a provision in relation to the theft of customer data in 2018.

• BA parent comments on provision in quarterly earnings statement
• The amount far below the British data protection watchdog’s proposed fine of 183.4 million pounds
• The Information Commissioner’s Office had disclosed its intention to fine BA in June 2019 for failing to protect customers’ data in 2018
• The 22 million-euro figure is BA management’s “best estimate” of the final fine, the company said in its Q2 earnings
• A cyber attack on BA’s website exposed the personal data ...