Data breaches have become a major source of loss of personal information for many people. In this report consider the causes for data breaches and what steps the businesses could adopt that would minimize the impact of data breaches. In this context look at the current status of legislations around the US and in some major developed countries like England, Germany, France and Australia regarding notification requirements of breaches. Identify three major data breaches during the last five years (2012 to 2017) and how it has been dealt with since they came to light. It is important to see if any prosecutions occurred and perpetrators or people responsible for data security within the organization were prosecuted. Knowing the cost impact of data breaches is important in this context.
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