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Firms can't escape yoke of new data protection rules even if UK leaves Europe

From V3.co.uk

"Organisations hoping that the looming referendum on Europe will render the recently passed General Data Protection Regulation (GDPR) irrelevant are clinging to a false hope.

The GDPR was four years in the making and was finally passed on Thursday by politicians in Europe, ushering in major new rules relating to data collection and processing. These include:

  • Fines up to 4% of annual turnover for breaching the GDPR or €20 million, whichever is greater.
  • Requirement for dedicated data protection officers in firms with over 250 employees.
  • A right to data portability that lets citizens move data out of a company's database.

Such measures could well be seen as onerous, particularly for firms that already see the EU as creating unnecessary burdens and red tape for their operations. So a vote to leave Europe could be seen as a chance to escape from under the yolk of the GDPR.

However, Mark Thompson, privacy practice leader at KPMG UK, warned that any organisation with this view is mistaken.”

Read more at V3.co.uk


NCC Weekly News Update 12 April 2016 

 

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