Adherence to the GDPR is not optional and should be adopted, verbatim by each EU country; there shall be no country specific interpretations. According to a recent survey of senior business leaders, many UK business are still unsure when it comes to the application of the Data Protection Act (GDPR) in their organisation. But despite its regulatory impact the DPA should also be viewed by all businesses as a benchmark of quality. In a competitive market place where customer loyalty and retention is key, organisations that demonstrate compliance with the DPA are more likely to maintain the trust, respect and loyalty of their customers.
Data Protection Authorities across the EU not just the UK have received thousands of complaints and breach notifications, and the first fines, penalties and sanctions are being imposed. Registration fees fund the Information Commissioners Office (ICO) whilst all other fines and penalties flow straight to HM Treasury!
Fines for non compliance are shown below - Not complying with the Data Protection Act can also put the viability of your business and the future of your company at serious risk. Do you really want to be the only one who doesn’t comply with a Law which is mandatory in the whole European Union? If we add to all this any claims made by users affected by your infraction or possible complaints from any corporate or economic operator, believe us: flouting the regulation will end up affecting you more than you could ever imagine. And, make no mistake: it won’t be worth it.
All organisations, companies and sole traders that process personal data must payan annual fee to the ICO unless they are exempt. Fines for not paying can be up to a maximum of £4,350. The money collected from the data protection fee funds the ICO’s work to uphold information rights such as investigations into data breaches and complaints, our popular advice line, and guidance and resources for organisations to help them understand and comply with their data protection obligations.