British Airway's owner IAG shares slip on €205m data fine

British Airways-owner IAG is facing a record $230m (€205m) fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK’s Information Commissioner’s Office (ICO).

The ICO proposed the penalty — equating to 1.5% of British Airways’ 2017 worldwide turnover — for the hack, which it said exposed poor security arrangements at the airline.