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Data2Action Blog

Directors beware – They are coming for you!

It maybe the season of goodwill but that hasn’t stopped the ICO making further changes to Privacy legislation that will pour more misery on Company Directors.

As of the 17th December, Directors will be personally liable for nuisance marketing activity and could be forced to pay up to £500,000. Under changes to the Privacy and Electronic Communications Regulations (PeCR), the regulator is cracking down on Company’s who seek to avoid existing fines by winding up the Company in the face of regulatory scrutiny or monetary penalty and set up a new Co under a new name (so called ‘phoenixing’).  This change will hold Directors of Senior Officers more accountable moving forward and is hoped to further discourage poor practice.

To find out more:

https://ico.org.uk/for-organisations/guide-to-pecr/what-are-pecr/

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Data2Action Blog

GDPR: The new ‘equity release’ for business

With virtually every form of media currently saturated with ‘all things GDPR’, it’s a sad fact that many businesses remain both perplexed by the changes and also unclear as to the value this can bring.  With less than 100 days to go, organisations big and small are mobilising to reach the new levels of compliance expected but how many are actually seeing this as an opportunity to unlock the value that GDPR can present?

Central to GDPR are people and their data with the regulations aiming to give individuals greater powers of control over their information. In order to comply with the new legislative requirements, businesses should by now be critically evaluating both the need for and the requirements of the data they collect and by reviewing their current  ‘people, process and technology’ systems, they should be looking to update and protect the same.   However being lost in the ‘white noise’ of confusion is the fact that within this process of re-evaluation by businesses, GDPR actually presents a whole host of benefits for businesses.

Read the full article here:

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Data2Action Blog

GDPR – Directors in the dock?

The coming years, however, could see data issues as a further reason to put directors in the dock and a spur for this is likely to be the impending General Data Protection Regulation (GDPR)’

An interesting article from the Telegraph on cyber risk and how insurance can provide support.

https://www.telegraph.co.uk/business/risk-insights/directors-need-d-and-o-insurance/?WT.mc_id=tmg_share_tw