{"id":308,"date":"2017-07-24T12:01:02","date_gmt":"2017-07-24T12:01:02","guid":{"rendered":"https:\/\/isquaredemo.com\/MLT\/threegraceslegal\/gdpr-update-july-2017\/"},"modified":"2025-11-07T13:17:13","modified_gmt":"2025-11-07T13:17:13","slug":"gdpr-update-july-2017","status":"publish","type":"post","link":"https:\/\/isquaredemo.com\/MLT\/threegraceslegal\/news\/gdpr-update-july-2017\/","title":{"rendered":"GDPR Update &#8211; July 2017"},"content":{"rendered":"\n<p class=\"Standard wp-block-paragraph\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\">According to a recent <i>YouGov<\/i> poll, almost 2\/3<sup>rd<\/sup>s of UK businesses are unaware of the sanctions they could face after next year&#8217;s GDPR comes into place, with fines of up to <\/span><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman';\">\u20ac<\/span><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\">20m for the the biggest companies.<\/span><\/p>\n\n\n\n<p class=\"Standard wp-block-paragraph\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\">A startling 62% of businesses surveyed had not even heard of the GDPR.<\/span><\/p>\n\n\n\n<p class=\"Standard wp-block-paragraph\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\">Currently, UK businesses can be fined up to \u00a3500,000 for a breach of data protection. Next year, from 25 May 2018, this will jump to either <\/span><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman';\">\u20ac<\/span><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\">20m or 4% of the company&#8217;s global turnover. A fifth of those companies surveyed conceded the possible impacts of the fines would push them out of business.<\/span><\/p>\n\n\n\n<p class=\"Standard wp-block-paragraph\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\">Despite some businesses being aware there were upcoming changes, very few knew the scale of the fines. Unsurprisingly, the majority were smaller businesses, with just 22% having heard of the rules, whereas 43% of medium-sized and 56% large businesses had so.<\/span><\/p>\n\n\n\n<p class=\"Standard wp-block-paragraph\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\">Staggeringly, nearly half (57%) of financial services companies knew of the changes. Media and marketing came bottom of the list.<\/span><\/p>\n\n\n\n<p class=\"Standard wp-block-paragraph\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\">While the topic has been very much in the public domain, nearly a quarter of the businesses surveyed said they would probably not even know when a data breach occurred.<\/span><\/p>\n\n\n\n<p class=\"Standard wp-block-paragraph\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\">They need to learn. And quickly. Last year, the number of fines for data breaches almost doubled, and jumped from \u00a3541,000 to an eye-watering \u00a33.2m. These will undoubtedly rise after the implementation of the new rules next Summer.<\/span><\/p>\n\n\n\n<p class=\"Standard wp-block-paragraph\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\">Businesses need to be clear about how data is collected and stored, and a breach must be reported to the Information Commissioner&#8217;s Office (ICO) within 3 days.<\/span><\/p>\n\n\n\n<p class=\"Standard wp-block-paragraph\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\">Finally, it is important that British businesses understand that, while \u201cBrexit means Brexit\u201d, Brexit does <i>not<\/i> mean the compliance with the Brussels-enforced GDPR can stop. This is happening.<\/span><\/p>\n\n\n\n<p class=\"Standard wp-block-paragraph\"><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\">For further advice and guidance contact Aaron Pearson on 0151 659 1070 or <a href=\"mailto:cyber@threegraceslegal.co.uk\">cyber@threegraceslegal.co.uk<\/a>\u00a0<\/span><span style=\"font-size: 11.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-family: Mangal;\"><\/span><\/p>\n\n\n\n<p class=\"MsoNormal wp-block-paragraph\">&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a recent YouGov poll, almost 2\/3rds of UK businesses are unaware of the sanctions they could face after next year&#8217;s GDPR comes into place, with fines of up to \u20ac20m for the the biggest companies. A startling 62% of businesses surveyed had not even heard of the GDPR. Currently, UK businesses can be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-308","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GDPR Update - July 2017<\/title>\n<meta name=\"description\" content=\"Stay updated on GDPR developments with the July 2017 update provided by Three Graces Legal\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isquaredemo.com\/MLT\/threegraceslegal\/news\/gdpr-update-july-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GDPR Update - July 2017\" \/>\n<meta property=\"og:description\" content=\"Stay updated on GDPR developments with the July 2017 update provided by Three Graces Legal\" \/>\n<meta property=\"og:url\" content=\"https:\/\/isquaredemo.com\/MLT\/threegraceslegal\/news\/gdpr-update-july-2017\/\" \/>\n<meta property=\"og:site_name\" content=\"Three Graces Legal\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-24T12:01:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-07T13:17:13+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@3GracesLegal\" \/>\n<meta name=\"twitter:site\" content=\"@3GracesLegal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/isquaredemo.com\\\/MLT\\\/threegraceslegal\\\/news\\\/gdpr-update-july-2017\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/isquaredemo.com\\\/MLT\\\/threegraceslegal\\\/news\\\/gdpr-update-july-2017\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/isquaredemo.com\\\/MLT\\\/threegraceslegal\\\/#\\\/schema\\\/person\\\/3b3ca8846a44fac333321a731ef72f67\"},\"headline\":\"GDPR Update &#8211; 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