As a business owner, your primary concern is your company’s bottom line. Whilst some years your business will make more profit than others, it is vital that your business produces good profit margins and tries to keep some cash in the bank. A significant threat to your organisation\u2019s well-earned monies is the Information Commissioner’s Office (ICO) and its ability to fine your company up to \u00a317.5 million for non-compliance with data protection rules. This article will explore the power of the ICO to award hefty financial penalties to businesses in England and ways for your company to reduce the risk of suffering an ICO fine.<\/p>\n\n\n\n
The ICO are an independent body established by the Government to explain and enforce data protection law. In particular, the ICO are on the lookout for breaches of the General Data Protection Regulation (GDPR) and regularly hands out fines to businesses in breach.<\/p>\n\n\n\n
If the ICO believes your organisation has infringed GDPR<\/a> rules, it will conduct a formal investigation. This will likely involve the ICO<\/a> approaching you and asking you about the period in question. At the end of the process, they are likely to conclude in one of the following ways:<\/p>\n\n\n\n This article will explore the ICO\u2019s ability to enforce fines against companies in England.<\/p>\n\n\n\n Whilst any breach of GDPR rules can lead to an ICO investigation and enforcement action, the following examples are relatively common:<\/p>\n\n\n\n Absent any mitigating circumstances, the ICO may decide to impose a daunting fine on your company.<\/p>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\n\n
Which Types of Data Protection Breaches Tend to Result in ICO Fines?<\/h2>\n\n\n\n
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