New legislation aimed protecting data being discussed by Europe's Justice and Home Affairs ministers could potentially place a greater financial strain on smaller firms, the Federation of Small Businesses (FSB) has argued. - See more at: http://www.storetec.net/news-blog/data-protection-rules-could-cost-firms-75k-a-year
This presentation by Alec J. Burnside, Managing Partner, Brussels office, Cadwalader, Wickersham & Taft LLP was made during the discussion on "Big Data: Bringing competition policy to the digital era" held during the 126th meeting of the OECD Competition Committee on 29 November 2016. More papers and presentations on the topic can be found out at www.oecd.org/daf/competition/big-data-bringing-competition-policy-to-the-digital-era.htm
This presentation by the Caroline Wallace, Legal Services Board, UK was made during a roundtable discussion on Disruptive innovations in legal services held at the 61st meeting of the Working Party No. 2 on Competition and Regulation on 13 June 2014. More papers, presentations and contributions from delegations on the topic can be found out at www.oecd.org/daf/competition/disruptive-innovations-in-legal-services.htm
This presentation by the John O. McGinnis, Northwestern Pritzker School of Law was made during a roundtable discussion on Disruptive innovations in legal services held at the 61st meeting of the Working Party No. 2 on Competition and Regulation on 13 June 2014. More papers, presentations and contributions from delegations on the topic can be found out at www.oecd.org/daf/competition/disruptive-innovations-in-legal-services.htm
Lindsay Martin-Bilbrey, CMP helps event planners answer the question, does GDPR really matter to me and why should I care? See the full webinar at pathable.com/webinars.
Data Security and Data Governance: Foundation and Case Studies (including Privacy, Legal, Social and Ethical Issues) — Lecture for Data Science program at the Department of Information and Communication Technologies, School of Engineering and Technology, Asian Institute of Technology. Delivered November 4, 2020 at the Milton E. Bender, Jr. Auditorium.
How Does the ePrivacy Regulation and General Data ProtectionShield
Check out this slide to learn about ePrivacy regulation and General Data Protection Regulation. Is their implication brings more challenges to financial industries and Communications Compliance? Go through this slide for full info or visit this link: https://bit.ly/3nxlwLW
This presentation by Alec J. Burnside, Managing Partner, Brussels office, Cadwalader, Wickersham & Taft LLP was made during the discussion on "Big Data: Bringing competition policy to the digital era" held during the 126th meeting of the OECD Competition Committee on 29 November 2016. More papers and presentations on the topic can be found out at www.oecd.org/daf/competition/big-data-bringing-competition-policy-to-the-digital-era.htm
This presentation by the Caroline Wallace, Legal Services Board, UK was made during a roundtable discussion on Disruptive innovations in legal services held at the 61st meeting of the Working Party No. 2 on Competition and Regulation on 13 June 2014. More papers, presentations and contributions from delegations on the topic can be found out at www.oecd.org/daf/competition/disruptive-innovations-in-legal-services.htm
This presentation by the John O. McGinnis, Northwestern Pritzker School of Law was made during a roundtable discussion on Disruptive innovations in legal services held at the 61st meeting of the Working Party No. 2 on Competition and Regulation on 13 June 2014. More papers, presentations and contributions from delegations on the topic can be found out at www.oecd.org/daf/competition/disruptive-innovations-in-legal-services.htm
Lindsay Martin-Bilbrey, CMP helps event planners answer the question, does GDPR really matter to me and why should I care? See the full webinar at pathable.com/webinars.
Data Security and Data Governance: Foundation and Case Studies (including Privacy, Legal, Social and Ethical Issues) — Lecture for Data Science program at the Department of Information and Communication Technologies, School of Engineering and Technology, Asian Institute of Technology. Delivered November 4, 2020 at the Milton E. Bender, Jr. Auditorium.
How Does the ePrivacy Regulation and General Data ProtectionShield
Check out this slide to learn about ePrivacy regulation and General Data Protection Regulation. Is their implication brings more challenges to financial industries and Communications Compliance? Go through this slide for full info or visit this link: https://bit.ly/3nxlwLW
This presentation by the OECD Competition Division was made during a roundtable discussion on Disruptive innovations in legal services held at the 61st meeting of the Working Party No. 2 on Competition and Regulation on 13 June 2014. More papers, presentations and contributions from delegations on the topic can be found out at www.oecd.org/daf/competition/disruptive-innovations-in-legal-services.htm
This presentation by Maurice E. Stucke from the Konkurrenz Group was made during the discussion on "Big Data: Bringing competition policy to the digital era" held during the 126th meeting of the OECD Competition Committee on 29 November 2016. More papers and presentations on the topic can be found out at www.oecd.org/daf/competition/big-data-bringing-competition-policy-to-the-digital-era.htm
I have listed 3 informative youtube videos on the eu gdprSteven Meister
I have listed 3, of what I consider very informative yet very different viewpoints on the EU GDPR and most definitely expressed differently by each set of presenters
This presentation by Orla LYNSKEY, Assistant Professor of Law, London School of Economics, was made during the discussion “Non-Price Effects of Mergers” held at the 129th meeting of the OECD Competition Committee on 6 June 2018. More papers and presentations on the topic can be found out at oe.cd/npem
This presentation by Michal Gal (Professor of Law at University of Haifa Law School, Israel) was made during the discussion “Algorithms and collusion” held at the 127th meeting of the OECD Competition Committee on 23 June 2017. More papers and presentations on the topic can be found out at oe.cd/1-0.
This presentation by the EU DG Competition was made during the discussion “Algorithms and collusion” held at the 127th meeting of the OECD Competition Committee on 23 June 2017. More papers and presentations on the topic can be found out at oe.cd/1-0.
Telcos and ISPs Prepare For New Data Breach Disclosure RulesJohn Davis
Telecoms operators and internet service providers (ISPs) will no doubt be busy getting their houses in order this week as they prepare for the introduction of new regulations requiring mandatory disclosure of personal data breaches. - See more at: http://www.storetec.net/news-blog/telcos-and-isps-prepare-for-new-data-breach-disclosure-rules
EU General Data Protection: Implications for Smart Meteringnuances
This presentation provides the reader with an insight into the politics of EU Data protection as well as an overview of the key stakeholders. We focus on the implication for the smart metering industry.
Data Protection Rules are Changing: What Can You Do to Prepare?Lumension
The European Union’s proposed new data protection regulation aims to update Europe’s data protection laws and to provide a more consistent data protection framework across the Continent.
But the new regulation, which replaces the EU’s existing data protection directive and member states’ data protection laws, will put some new demands on organisations holding personal data. Breach disclosure and “the right to be forgotten” will force businesses to update their data protection and retention policies.
This presentation will:
- Review the current EU laws, and contrast them with laws in other parts of the world;
- Examine the arguments for strengthening data protection in Europe, and the likely outcomes;
- Look at what security teams should already be doing to put themselves ahead of legislative changes;
- Outline strategies and technologies organisations need to meet current and future data protection requirements
- Help infosecurity teams to explain the changes – and their consequences – to their boards
A Legal Perspective of E-Businesses and E-Marketing for Small and Medium Ente...IJMIT JOURNAL
Electronic businesses are witnessing enormous growth as more and more people are switching to online platforms. The widespread use of Internet has opened new channels to operate trade for many businesses. Also electronic marketing has become a proven channel of passing on the word to the customers. Legal and ethical issues quickly become an area of concern. In this research recommendations are made to harmonize IT and Internet Laws. A novel approach is proposed to promote legal risk management culture in organizations. It begins with revising current state of regulations surrounding e-Businesses and electronic marketing. The proposed approach offers risk management by considering risk mitigation strategy, educating people and use of information technology. Monitoring compliance requirements are met by reviewing the latest changes in regulations and rewarding the employees who ensures the successful implementation of the strategy.
Running Head THE IMPACT OF GDPR ON GLOBAL IT POLICIES1THE IMPA.docxjeanettehully
Running Head: THE IMPACT OF GDPR ON GLOBAL IT POLICIES 1
THE IMPACT OF GDPR ON GLOBAL IT POLICIES 3
THE IMPACT OF GDPR ON GLOBAL IT POLICIES
Abstract
The General Regulation of the EU on Data Protection (GDPR) provides essential safeguards in the field of privacy, which offer new challenges and potential opportunities for organizations worldwide. However, worldwide organizations must make GDPR compliance changes to minimize GDPR liability. This editorial preface discusses the benefits and threats of the effect of GDPR on global technology growth. We also speak about how China and the US, the two world economic giants, could respond more effectively to GDPR threats and possibilities.
Introduction
The GDPR, which became law on May 25, 2018, is a data protection law that establishes rules on the collection, storage, and management of data of persons living in the European Union (EU, 2016). This legislation applies to all individuals residing in the EU. To satisfy the new demands on privacy raised by digital technology advancement, the new law increases EU data protection. Although the GDPR also covers EU citizens, it has a global impact that impacts every EU business entity that provides services or keeps data regarding EU nationals, which are personally identifiable.
GDPR offers users with a broad degree of control to be overlooked, including the right to withdraw permission. In the same period, the information controllers and processors, including data protection, are required to record all their processing activities by the layout and by necessity. GDPR notes that businesses must seek the customer's permission for data collection and ' implementing successful technological and functional measures ' to protect personal data for EU citizens. (Kaushik et al. 2018).
In May 2018, the European Union adopted a General Data Protection Regulation, which drew a specific conclusion regarding the worlds most detailed and common law on data security, with substantial and unexpected consequences on multinationals. In the months before it began, both inside and outside of Europe, businesses failed to adhere. However, as many as 80% of the firms concerned were still short of this goal on the eve of enforcement.
A year on, businesses continue to work to achieve full conformity with their newly founded regulations. The government will be more confident. Data processing and the processing of complaints in most European countries have doubled, although businesses of all sizes develop violations and associated penalties practices and processes.
The non-conformity to GDPR was held accountable by organizations that process data belonging to EU citizens. GDPR offers a new obstacle, as well as potentially stricter security measures, protocols, and procedures to protect, handle and maintain your data and ensure compliance with GDPR, technology firms, and providers of cloud services, data centers, and advertisers. Afterward, we were probably subjected to s ...
This presentation by the OECD Competition Division was made during a roundtable discussion on Disruptive innovations in legal services held at the 61st meeting of the Working Party No. 2 on Competition and Regulation on 13 June 2014. More papers, presentations and contributions from delegations on the topic can be found out at www.oecd.org/daf/competition/disruptive-innovations-in-legal-services.htm
This presentation by Maurice E. Stucke from the Konkurrenz Group was made during the discussion on "Big Data: Bringing competition policy to the digital era" held during the 126th meeting of the OECD Competition Committee on 29 November 2016. More papers and presentations on the topic can be found out at www.oecd.org/daf/competition/big-data-bringing-competition-policy-to-the-digital-era.htm
I have listed 3 informative youtube videos on the eu gdprSteven Meister
I have listed 3, of what I consider very informative yet very different viewpoints on the EU GDPR and most definitely expressed differently by each set of presenters
This presentation by Orla LYNSKEY, Assistant Professor of Law, London School of Economics, was made during the discussion “Non-Price Effects of Mergers” held at the 129th meeting of the OECD Competition Committee on 6 June 2018. More papers and presentations on the topic can be found out at oe.cd/npem
This presentation by Michal Gal (Professor of Law at University of Haifa Law School, Israel) was made during the discussion “Algorithms and collusion” held at the 127th meeting of the OECD Competition Committee on 23 June 2017. More papers and presentations on the topic can be found out at oe.cd/1-0.
This presentation by the EU DG Competition was made during the discussion “Algorithms and collusion” held at the 127th meeting of the OECD Competition Committee on 23 June 2017. More papers and presentations on the topic can be found out at oe.cd/1-0.
Telcos and ISPs Prepare For New Data Breach Disclosure RulesJohn Davis
Telecoms operators and internet service providers (ISPs) will no doubt be busy getting their houses in order this week as they prepare for the introduction of new regulations requiring mandatory disclosure of personal data breaches. - See more at: http://www.storetec.net/news-blog/telcos-and-isps-prepare-for-new-data-breach-disclosure-rules
EU General Data Protection: Implications for Smart Meteringnuances
This presentation provides the reader with an insight into the politics of EU Data protection as well as an overview of the key stakeholders. We focus on the implication for the smart metering industry.
Data Protection Rules are Changing: What Can You Do to Prepare?Lumension
The European Union’s proposed new data protection regulation aims to update Europe’s data protection laws and to provide a more consistent data protection framework across the Continent.
But the new regulation, which replaces the EU’s existing data protection directive and member states’ data protection laws, will put some new demands on organisations holding personal data. Breach disclosure and “the right to be forgotten” will force businesses to update their data protection and retention policies.
This presentation will:
- Review the current EU laws, and contrast them with laws in other parts of the world;
- Examine the arguments for strengthening data protection in Europe, and the likely outcomes;
- Look at what security teams should already be doing to put themselves ahead of legislative changes;
- Outline strategies and technologies organisations need to meet current and future data protection requirements
- Help infosecurity teams to explain the changes – and their consequences – to their boards
A Legal Perspective of E-Businesses and E-Marketing for Small and Medium Ente...IJMIT JOURNAL
Electronic businesses are witnessing enormous growth as more and more people are switching to online platforms. The widespread use of Internet has opened new channels to operate trade for many businesses. Also electronic marketing has become a proven channel of passing on the word to the customers. Legal and ethical issues quickly become an area of concern. In this research recommendations are made to harmonize IT and Internet Laws. A novel approach is proposed to promote legal risk management culture in organizations. It begins with revising current state of regulations surrounding e-Businesses and electronic marketing. The proposed approach offers risk management by considering risk mitigation strategy, educating people and use of information technology. Monitoring compliance requirements are met by reviewing the latest changes in regulations and rewarding the employees who ensures the successful implementation of the strategy.
Running Head THE IMPACT OF GDPR ON GLOBAL IT POLICIES1THE IMPA.docxjeanettehully
Running Head: THE IMPACT OF GDPR ON GLOBAL IT POLICIES 1
THE IMPACT OF GDPR ON GLOBAL IT POLICIES 3
THE IMPACT OF GDPR ON GLOBAL IT POLICIES
Abstract
The General Regulation of the EU on Data Protection (GDPR) provides essential safeguards in the field of privacy, which offer new challenges and potential opportunities for organizations worldwide. However, worldwide organizations must make GDPR compliance changes to minimize GDPR liability. This editorial preface discusses the benefits and threats of the effect of GDPR on global technology growth. We also speak about how China and the US, the two world economic giants, could respond more effectively to GDPR threats and possibilities.
Introduction
The GDPR, which became law on May 25, 2018, is a data protection law that establishes rules on the collection, storage, and management of data of persons living in the European Union (EU, 2016). This legislation applies to all individuals residing in the EU. To satisfy the new demands on privacy raised by digital technology advancement, the new law increases EU data protection. Although the GDPR also covers EU citizens, it has a global impact that impacts every EU business entity that provides services or keeps data regarding EU nationals, which are personally identifiable.
GDPR offers users with a broad degree of control to be overlooked, including the right to withdraw permission. In the same period, the information controllers and processors, including data protection, are required to record all their processing activities by the layout and by necessity. GDPR notes that businesses must seek the customer's permission for data collection and ' implementing successful technological and functional measures ' to protect personal data for EU citizens. (Kaushik et al. 2018).
In May 2018, the European Union adopted a General Data Protection Regulation, which drew a specific conclusion regarding the worlds most detailed and common law on data security, with substantial and unexpected consequences on multinationals. In the months before it began, both inside and outside of Europe, businesses failed to adhere. However, as many as 80% of the firms concerned were still short of this goal on the eve of enforcement.
A year on, businesses continue to work to achieve full conformity with their newly founded regulations. The government will be more confident. Data processing and the processing of complaints in most European countries have doubled, although businesses of all sizes develop violations and associated penalties practices and processes.
The non-conformity to GDPR was held accountable by organizations that process data belonging to EU citizens. GDPR offers a new obstacle, as well as potentially stricter security measures, protocols, and procedures to protect, handle and maintain your data and ensure compliance with GDPR, technology firms, and providers of cloud services, data centers, and advertisers. Afterward, we were probably subjected to s ...
Read about the data privacy protection & advisory in India - evolving rights and obligations related to data privacy & the implementation of data protection reforms.
With the growth in the use of the internet by small and medium sized businesses and the threat posed to their activities by cyber crime, the Parliamentary Yearbook is, as part of its ongoing coverage feature of security issues, carrying a major piece in the next edition on Government and industry’s efforts to increase cyber security.
GDPR: A Threat or Opportunity? www.normanbroadbent.Steven Salter
With General Data Protection Regulation (GDPR) a legal requirement for all UK companies from May 2018, there have been numerous articles written either demonstrating the confusion surrounding the new regulations, or detailing the downsides of the legislation.
En enero de este año, la Comisión Europea reveló un borrador de su Reglamento de Protección de Datos Europea para reemplazar la anterior Directiva de Protección de Datos.
The Evolution of Data Privacy: 3 things you didn’t knowSymantec
The European Union’s proposed General Data Protection Regulation (GDPR) has left even the most informed confused. This new regulation has been designed to update the current directive which was drafted in a time that was in technology terms, prehistoric. It’s time to evolve.
The European Union will introduce the new General Data Protection Regulation for implementation May 2018. This makes it a legal requirement on all businesses owners to comply with the new regulations or face heavy fines. This will still apply to UK companies after Brexit.
For today’s digital businesses, being prepared to meet new compliance requirements when storing and managing consumer data will not only minimize risk, but also enable more valued and trusted customer experiences that drive increased loyalty, engagement and revenue. To gain better perspective on this important issue, it’s important to understand:
- The trends driving governmental regulatory shifts and the basic tenets of these new laws
- The challenges faced by executives across the enterprise when managing privacy compliance for consumer data
- The emergence of cloud-based solutions that help businesses manage privacy compliance by acting as end-to-end customer data storage and management solutions that are far more scalable and flexible than legacy systems
Norfolk County Council Announces Cloud-based Storage Network John Davis
Norfolk County Council has announced that it is to launch a £26 million cloud-based data sharing system, which will be used to link up information from various service providers, including district councils - See more at: http://www.storetec.net/news-blog/norfolk-county-council-announces-cloudbased-storage-network
App Developers Urged to Take Greater Care in Accessing DataJohn Davis
The Information Commissioner's Office (ICO) has claimed that mobile app developers need to be a lot clearer about what data they happen to be accessing, after a YouGov survey highlighting concerns around how such programs are being used to access people's information. - See more at: http://www.storetec.net/news-blog/app-developers-urged-to-take-greater-care-in-accessing-data
New microsoft application security problemJohn Davis
A zero-day attack on Microsoft XP has been discovered, emphasising the need for businesses to be using the latest software to prevent data loss. http://www.storetec.net/news-blog/new-microsoft-application-security-problem.
Choose Your Own Device ‘To Replace Bring Your Own Device’John Davis
Bring your own device – or BYOD – has been a familiar element of the changing way in which businesses and their employees communicate, store and use data. News/Blogs http://www.storetec.net/news-blog/choose-your-own-device-to-replace-bring-your-own-device.
Banks ‘falling s short on data protection’John Davis
UK banks have seen their reputations taking a battering in recent years over the credit crunch, bailouts and the personal protection insurance scandal, but matters could get even worse after a study indicated they are falling short on data security. Storetec News/Blogs. http://www.storetec.net/news-blog/banks-falling-short-on-data-protection/.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Data protection rules could cost firms £75k a year
1. @StoretecHull
www.storetec.net
Facebook.com/storetec
Storetec Services Limited
Data protection rules could cost firms £75k a year
New legislation aimed protecting data being discussed by Europe's
Justice and Home Affairs ministers could potentially place a greater
financial strain on smaller firms, the Federation of Small Businesses
(FSB) has argued.
In conjunction with the British Bankers' Association, the body has
criticised the proposals, claiming they could mean that small firms
holding the details or over 5,000 customers will have to employ a
data protection officer.
2. The new role could cost companies around £64,000 a year, while they
could also be forced to cough up another £11,200 every 12 months in
order to conduct a data protection impact assessment and carry out a
compliance review every two years.
Research from the FSB found that data protection is already a hot topic
with many firms, with around one in five (19 per cent) claiming that it is
one of the most burdensome regulations to comply with.
3. And some analysts claim that the introduction of these latest measures
could see smaller businesses show greater reluctance to harbour
expansion plans.
John Allan, National Chairman, Federation of Small Businesses,
said:"If you are a small business with 4,500 customers on your mailing
list you might reconsider plans to grow your business for fear of having
to spend over £75,000 each year in order to comply with data
protection regulations. We urge European leaders not to press forward
with this law in its current form as small businesses would clearly
suffer.
4. He added that European leaders should look to the findings of the
prime minister's business-led taskforce report into EU regulation, which
called on lawmakers to think of the impact on the smallest companies
when drawing up new laws.
Since the 1995 EU Data Protection Directive, there have been a
number of new technological developments, with one of most obvious
being the surge in use of personal computers and handheld devices,
which in turn has led to a rapid and significant expansion of the
internet.
5. The EU Commission argues that the law needs to therefore reflect
these changes in order to provide greater harmony between member
states.
Storetec News/Blogs “
http://www.storetec.net/news-blog/data-protection-rules-could-cost-firm
”. Data protection rules could cost firms £75k a year. December 9,
2013. Storetec.
6. The EU Commission argues that the law needs to therefore reflect
these changes in order to provide greater harmony between member
states.
Storetec News/Blogs “
http://www.storetec.net/news-blog/data-protection-rules-could-cost-firm
”. Data protection rules could cost firms £75k a year. December 9,
2013. Storetec.