Firm Warns SMEs of Data Risks, Rising Fines
DATA PROTECTION—UKAugust 16, 2012
A finance provider has warned small- and medium-sized enterprises to keep their data secure or risk a large fine, PublicService.co.uk reports. Syscap has said that the private sector will begin to see a rise in monetary penalties from the Information Commissioner’s Office (ICO) for serious data breaches. A company representative said, “It’s clear that the ICO is starting to take a much more proactive stance in penalising data lapses, so this is something that business owners need to take very seriously.” A representative from Duane Morris LLP said third parties responsible for data breaches should “suffer the consequences” of ICO fines. Meanwhile, Scottish Borders Council may face fines from the ICO after pension records were discovered in a recycling centre.