GDPR

Businesses Warned They’ll Need to Adhere to GDPR Regardless of Brexit

Businesses Warned They’ll Need to Adhere to GDPR Regardless of Brexit

UK businesses are being warned they still need to adhere to the new General Data Protection Regulation (GDPR), despite the fact the UK is set to leave the European Union. According to a survey by Webroot, there is a strong level of misunderstanding among small business owners as to whether the EU-wide legislation, which covers how large businesses hold and store consumer data, will hold any weight in a post-Brexit Britain. Indeed, 43% of businesses admitted they were uncertain whether or not they would have to remain compliant to GDPR after Brexit – with 6% adamant they wouldn’t. Coming into effect on 25 May 2018, the new legislation will, among other things, require firms with more than 250 staff members to hire a data protection officer. However, firms that hold the data of EU citizens w... »

20% Of Firms Believe GDPR Non-Compliance Will Force Them Out Of Business

20% Of Firms Believe GDPR Non-Compliance Will Force Them Out Of Business

20% of businesses believe that the new General Data Protection Regulation (GDPR) will be so severe it could potentially force them to close their doors, according to a report by Veritas Technologies. The global study revealed that 86% of worldwide enterprises are concerned that GDPR will negatively impact their business, as businesses guilty of non-compliance could face fines of up to €20m or 4% of turnover. Worryingly, 47% of those surveyed admit their company still isn’t ready for GDPR, which comes into effect on the 25 May 2018. Among new regulations include stricter rules on consumer consent and protecting against cyber-attacks, while firms with more than 250 staff will be legally required to hire a data protection officer. General Data Protection Regulation: How to Prepare Mike Palmer... »