If you’d like to watch the debate from the FT Cyber Security Summit Europe that took place on 21 September 2016, click hereRead More
Monthly Archives September 2016
Debate: “The European Union’s new data protection rules will impose unnecessary burdens on businesses – Yes or No?”
Business leaders are worried that the European Union’s General Data Protection Regulation (GDPR), scheduled to come into effect in early 2018, will seriously harm their commercial interests. It will force them to improve the privacy rights of EU citizens and report data breaches within three days, rules that will be difficult and costly to comply with. Penalties for non-compliance could be as high as 4% of global turnover. However, British businesses could be spared the hassle if Brexit means the UK does not implement the Regulation.