GDPR Extortion Prediction

A report by Security Company Trend Micro has predicted that, as cyber-criminals are now focusing more on maximising financial return, the introduction of GDPR this year could give them potentially lucrative extortion opportunities.

How?

The point that this report is making is that with the prospect of massive fines under GDPR e.g. fines up to €20 million, or 4% of their global turnover, criminals could extort large sums of money from companies with the threat of a cyber-attack that could l...