Biggest data breaches of 2018

From Business Insider:

One of the latest victims was Marriott hotels, which recently revealed that hackers had accessed the information of an estimated 500 million customers.

…Some of the biggest victims in 2018 include T-Mobile, Quora, Google, and Orbitz. Facebook dealt with a slew of major breaches and incidents that affected more than 100 million users of the popular social network.

Source: Biggest data breaches of 2018 – Business Insider

These enormous high profile breaches do two things. They demonstrate that the Internet is not secure and as a result they scare people away from using the cloud.

I am not aware of any administrative penalties these companies my be subject to. However if they were healthcare entities and suffered a breach the HIPAA police would fine them. HIPAA fines are averaging around $300 per record. For Marriott with an estimated 500 million exposed records the fine would be 150 Billion dollars. According to Wikipedia the total assets of Marriott amount to just 24 billion.