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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Public and private companies need to prepare for clampdown next year
Thursday 09 Mar 2017 Author: Lisa-Marie Janes

€10m: This is how much the Information Commissioner’s Office (ICO) can fine companies that breach new UK regulations from May 2018. Alternatively businesses can be fined 2% of global turnover; the same applies if they fail to report a data protection breach within
72 hours.

The ICO is trying to strengthen data protection practices and encourage compliance by making the financial penalty more threatening than the implementation costs.

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