By Simon O’ Connor, 18th October 2016
Cybersecurity breaches continue to be a hot topic amongst businesses. With companies gathering more and more information on their customers, there is an increased risk of damage to those individuals should a company suffer a security breach due to digital hacking. This information could potentially have a financial impact on the people affected.
In May 2018, the European Union will be introducing new obligations which companies must adhere to in order to prevent such situations. This will include the obligation to appoint a Data Protection Officer, companies who suffer from a security breach will be required to notify “the supervisory authority” within 72 hours; and there will be fines for companies who are proven negligent in the case of a security breach.
Please see our checklists here which will let you know how your company is prepared for these new regulations. A negative answer to any questions on the list indicates the relevant area of risk needs to be addressed.
Contact us for more information, or to speak to a member of our team.
Disclaimer This article is for guidance purposes only. It does not constitute legal or professional advice. No liability is accepted by Company Bureau for any action taken or not taken in reliance on the information set out in this article. Professional or legal advice should be obtained before taking or refraining from any action as a result of this article. Any and all information is subject to change.