GENERAL DATA PROTECTION REGS COMING INTO FORCE MAY 2018

GENERAL DATA PROTECTION REGS COMING INTO FORCE MAY 2018

The UK Information Commissioner Elizabeth Denham has warned Companies are unprepared for the General Data Protection Regulation (GDPR) coming into force 25 May 2018, and some small businesses “might not even know” a new regime is looming.  Denham said: “I don’t think all companies are ready for GDPR. That said, changes in the law is evolution, not revolution.” So far the the maximum fine handed to organisations under the Data Protection Act by the ICO is £400,000. Two companies have received the record penalty – Keurboom Communications and TalkTalk. Under GDPR, the fines for a data breach will either be €20m (£17m) or 4 per cent of global annual revenue, whichever is highest. While the Regulation entered into force on 24 May 2016, it shall apply from 25 May 2018. The Directive entered into force on 5 May 2016 and EU Member States have to transpose it into their national law by 6 May 2018.

More details www.ec.europa.eu/justice/data-protection/reform/index_en.htm

 

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