Wednesday, 26 April 2017

6 things you need to know about GDPR

The General Data Protection Regulation (GDPR) is set to come into effect from 25 May 2018. UK businesses need to be ready or face severe consequences.

In November 2016, Tesco Bank fell victim to a cyber attack in which £2.5 million was stolen from the current accounts of 20,000 customers. If the Information Commissioner’s Office (ICO) finds Tesco failed to comply with measures to keep people’s personal data secure, they could face a fine up to £500,000. Under the new regulations set out in the EU GDPR, the same fine could be set at £1.9 billion.