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Organisations could face fines running into millions if the EU's proposed cyber risk directive is passed. Proposed in early 2012 with amendments made this year, it would permit each European Union member state to fine up to two per cent of a company's global revenue for data loss incidents.Dwayne Melancon, chief technology officer at Tripwire, said: “The new EU Directive has the potential to have a huge global impact because it applies to any organisation...

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Many SMBs are potentially putting their organizations at risk because of uncertainty about the state of their security and threats faced from cyber attacks. According to the Risk of an Uncertain Security Strategy study conducted by Ponemon Institute, senior management is failing to prioritize cyber security, which is preventing them from establishing a strong IT security posture.

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