How effective are data breach penalties? Are ever-bigger fines enough?

Data breaches are hitting the news headlines everyday, across the Globe! Will imposing penalties alone would control or something more like user education & awareness, better IT Governance practices, change in management perspective of IT etc required to effectively control the incidents?

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For the past couple of years, data security company ViaSat UK has spiced up the Infosecurity Europe conference by filing an FoI (freedom of information) request for data breach statistics.
In previous years, things have ended up with ViaSat in a spot of biffo with the UK Information Commissioner’s Office (ICO).
In 2011, ViaSat noted that “monetary penalties have been enforced in less than one per cent of the data losses has dealt with.” …  Read more… 614 more words
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