British Airways—the company with the dubious reputation of receiving the highest fine meted out so far under the European Union’s new data privacy rules—has hinted it will qualify for a nearly 90 percent reduction of its original fine (U.S. $230 million) and end up paying just $26 million.

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Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...