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The Information Commissioner has new powers to fine organisations up to £500,000 for breaches of the Data Protection Act that take place after 6 April.
Fines can only be imposed if a breach is serious and likely to cause substantial damage or distress. Also, only deliberate breaches or breaches where reasonable steps to prevent a foreseeable breach were not taken are covered.
The example of a ‘serious’ breach given in the Information Commissioner’s guidance is the loss of medical records during a move.
The Information Commissioner has said that he will “not hesitate to use these tough new sanctions for the most serious cases where organisations disregard the law”, and the next company or government department who hit the headlines for losing information should expect to be hit with a punitive fine as well as bad publicity.
H&M is the latest retailer to confront its landlords about this ‘two tier retail market’ in an attempt to explore and negotiate more favourable terms.
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Ann Summers is the latest retailer to have entered into new voluntary deals with the majority of their landlords, rather than using the CVA process.
Last month, the Information Commissioner’s Office (ICO) announced notice of its intention to fine (NOI) Marriott International, Inc. £99m for infringements of the GDPR.
The Hiscox Cyber Readiness report, a review of 3300 organisations, will be a stark warning for CEO’s of SME’s in the UK and in Europe.
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