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magazine€10m: Punishing fine for data breaches
€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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Issue contents
Big News
- Gear4music is hitting the high notes
- Mitie’s destruction of value
- Gold miner shock as government bans exports
- Just Eat wins back market favour
- Standard Life and Aberdeen still in play
- Large risks hang over Aggreko’s earnings
- BT breaks the billion barrier with football deal
- Who’s next as Shawbrook battles takeover approach?
Editor's View
Great Ideas Update
Investment Trusts
Larger Companies
Main Feature
Smaller Companies
Story In Numbers
- UK-Listed Asset Managers 2017
- Major Stock Market Indices 2017
- £57.7m: Centamin chairman’s non-stop share sale
- €10m: Punishing fine for data breaches
- 51%: Amount of new build homes with ‘major faults’
- £3.24: Average weekly spend on Football Pools
- Five-month low: UK business activity
- 6.5%: China scales back growth expectations
