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Carphone Warehouse facing potential fine of up to £500,00 for data breach

The Information Commissioners Office (ICO) have confirmed that they are investigating the cyber attack that recently hit Carphone Warehouse for 2.4 million customer records including sensitive data.

Wednesday 5th August saw cyber criminals attack the CPW back office and make away with sensitive data including; customers bank details, dates of birth and addresses.

The ICO can issue fines of up to £500,000 to companies who breach the strict laws surrounding data protection. Back in 2013 the ICO issued a fine of £250,000 to Sony after the Playstation Network platform was hacked into and private information belonging to millions of customers was stolen.

As of now there is no information on whether the Carphone warehouse will incur any fines, although based on the ICO's track record of fining companies who breach the data protection laws we imagine that there will be some penalty awarded to the mobile retailer.