Eskenzi PR ad banner Eskenzi PR ad banner
  • About Us
Sunday, 24 September, 2023
IT Security Guru
Eskenzi PR banner
  • Home
  • Features
  • Insight
  • Channel News
  • Events
    • Most Inspiring Women in Cyber 2022
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Channel News
  • Events
    • Most Inspiring Women in Cyber 2022
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
IT Security Guru
No Result
View All Result

Number of fines for UK data privacy issues doubles and totals £3.2m

by The Gurus
June 5, 2017
in Editor's News
Share on FacebookShare on Twitter

Breaches of UK data protection laws during 2016 attracted thirty-five fines totalling £3,245,500 – almost double the 2015 total (18). Now with just under a year to go until the biggest change in privacy laws for over 20 years, UK organisations risk even larger fines if they fail to ensure compliance with the General Data Protection Regulation (GDPR).

PwC analysed the UK Information Commissioner’s Office (ICO) data protection enforcement actions over the past five years, specifically looking at monetary penalties, enforcement notices, prosecutions and legal undertakings. The analysis for 2016 found that that 23 enforcement notices were issued in 2016 – when organisations are required to take steps to ensure compliance after a data breach – a 155% increase on the nine notices issued in 2015.

The UK was one of the most active regions for regulatory enforcement action in Europe last year, along with Italy (€3.3m). But whereas the European pattern has seen comparatively low volumes of regulatory enforcement actions, with low level financial penalties, this is in stark contrast to the US where fines of approximately $250m were served.

PwC’s recent CEO Survey found that 90% of CEOs around the world believe breaches of data privacy and ethics will have a negative impact on stakeholder trust, so the time to put this top of the agenda is now before GDPR becomes law from 25 May 2018 across the EU. From then on, a variety of new compliance obligations will be imposed, including new rules about breach disclosure, data portability, and data use consent. Organisations that fail to comply could face penalties of up to 4% of global turnover or €20m depending on which is higher.

Stewart Room, PwC’s global cyber security and data protection legal services leader, commented:

“The ICO can currently issue fines up to £500,000, but with this set to increase to up to 4% of global turnover under the new regulation, UK organisations must use the remaining time to prepare for GDPR compliance before May next year.

“We’ve performed more than 150 GDPR readiness assessments with our clients around the world. Many struggle to know where to start with their preparations, but also how to move programmes beyond just risk reviews and data analysis to delivering real operational change.

“It’s impossible to ignore the impact of legal and regulatory change in this area in recent years. The GDPR has already been a force for good by bringing the issue to much wider attention. After all, who can argue against what is essentially a code for good business, where privacy by design becomes part of everyday operations?”

Figure 1 – Monetary Penalty Notices issued by the ICO: 2011-2016

Figure 2 – Privacy Enforcement in the UK: Analysis of ICO statistics, 2012-2016

FacebookTweetLinkedIn
Tags: CyberdataprivacysecurityTechnology
ShareTweet
Previous Post

The hunt for the best cyber security talent in Europe begins

Next Post

Chinese ‘Fireball’ Malware Infects 250 Million Computers

Recent News

The Journey to Secure Access Service Edge (SASE)

The Journey to Secure Access Service Edge (SASE)

September 22, 2023
WatchGuard

WatchGuard acquires CyGlass for AI-powered network anomaly detection

September 21, 2023
'open' sign on window ledge

SME Cyber Security – Time for a New Approach?

September 21, 2023
Keeper Security Logo

Keeper Security Named a Market Leader in Privileged Access Management (PAM) by Enterprise Management Associates

September 21, 2023

The IT Security Guru offers a daily news digest of all the best breaking IT security news stories first thing in the morning! Rather than you having to trawl through all the news feeds to find out what’s cooking, you can quickly get everything you need from this site!

Our Address: 10 London Mews, London, W2 1HY

Follow Us

© 2015 - 2019 IT Security Guru - Website Managed by Calm Logic

  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Channel News
  • Events
    • Most Inspiring Women in Cyber 2022
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us

© 2015 - 2019 IT Security Guru - Website Managed by Calm Logic

This site uses functional cookies and external scripts to improve your experience.

Privacy settings

Privacy Settings / PENDING

This site uses functional cookies and external scripts to improve your experience. Which cookies and scripts are used and how they impact your visit is specified on the left. You may change your settings at any time. Your choices will not impact your visit.

NOTE: These settings will only apply to the browser and device you are currently using.

GDPR Compliance

Powered by Cookie Information