Ian Drury and James Solomon report:
Companies will face fines of up to £20million if they lose customers’ personal data in cyber-attacks.
A damning report by MPs called for watchdogs to be given the ability to hammer firms in the pocket if they fail to safeguard sensitive information.
Bosses should also be penalised if their business suffers a data breach – with their own pay and perks linked to effective online security, the culture, media and sport select committee has said.
And criminals who hack and sell private information – including names, addresses, phone numbers and bank details – should be jailed for up to two years, according to the cross-party panel.
Read more on Daily Mail.