London — British Airways (BA)-owner IAG is facing a record £183.4m fine for the theft of data from 500,000 customers from its website in 2018 under tough new data-protection rules policed by the UK's Information Commissioner's Office (ICO).

The ICO proposed a penalty of £183.4m, or 1.5% of British Airways’s 2017 worldwide turnover, for the hack, which it said exposed poor security arrangements at the airline...

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