Punishment is relative. If you were fined £400,000 for failing to do your job properly, it would ruin your life. If a company the size of TalkTalk were fined that amount, it would be a drop in the ocean. TalkTalk’s global revenue last year was £1.83 billion.
And yet £400,000 - which barely buys a house in Slough these days - is precisely how much the broadband giant has been fined for security failings that let hackers plunder customers’ data “with ease”.
The punishment, such as it is, has been handed down by data-protection watchdog the Information Commissioner’s Office (ICO, https://ico.org. uk), a year after hackers stole the names, addresses, dates of birth, phone numbers, email addresses and, in many cases, bank details of 157,000 TalkTalk customers.
“TalkTalk’s global revenue…