News » Data protection fines loom over ‘unprepared’ UK companies, warns Institute of Directors 2017-10-17

Companies remain worryingly unprepared for new data protection rules that will impose huge fines on organisations that mishandle the personal data of customers, users, employees and associates, the Institute of Directors has warned.

The general data protection regulation is huge in scope. It is an attempt to introduce unified rules across the European Union about how organisations create, capture, store and share personal information for the first time since the 1990s’ global explosion of digital data.

When it comes into force next May, it will give ordinary citizens easier access to the data that companies hold about them and will make organisations obtain the consent of people they collect information about.

Although organisations have had two years to prepare for it, a survey of almost…

Source:https://www.thetimes.co.uk/article/data-protection-fines-loom-over-unprepared-uk-companies-warns-institute-of-directors-mqm2s2g7p