The European General Data Regulation (GDPR) is due to come into effect in 2018, making it the most significant data protection in the European Union since 1995. Despite Brexit, UK businesses will still need to be ready to adapt the EU GDPR. In this article, we take a look at how companies can prepare for Brexit and what they should do if their business needs to move or change hands during the transition. Those concerned about these events are right to be; the breach at TalkTalk alone resulted in the addresses, credit card details and account information of four million customers being put at risk. Had this been implemented when TalkTalk had the data breach last year, the company would have had to pay fines of £90m. The legislation also includes a public breach notification clause which will mean companies have to notify regulators within 24 hours of a discovered breach.
The European General Data Regulation (GDPR) is due to come into effect in 2018, making it the most significant data protection in the European Union since 1995. Despite Brexit, UK businesses will still need to be ready to adapt the EU GDPR. In this article, we take a look at how companies can prepare for Brexit and what they should do if their business needs to move or change hands during the transition. Had this been implemented when TalkTalk had the data breach last year, the company would have had to pay fines of £90m. The legislation also includes a public breach notification clause which will mean companies have to notify regulators within 24 hours of a discovered breach.