GDPR watchdog tells small businesses: ?We are not looking for perfection? The UK?s information commissioner spoke to small business owners on the day of GDPR?s introduction stating it will focus on bigger players over smaller firms __________________________________________________________________________________ While the highest fines under the new data protection bill, legislation which brought GDPR into UK statute books, are set at ?17m or 4% of annual turnover, whichever is higher, the ICO was forced to act under old data protection laws as Facebook?s offences took place in 2016. Responding to Facebook?s fine, Kyle Taylor, director of campaigning group Fair Vote UK, suggested the represented a mere slap on the wrist for Facebook.
“Under?new GDPR laws,?the ICO could fine Facebook ?479m.?“Unfortunately, because they had to follow old data protection laws, they were only able to fine them the maximum of ?500,000. This is unacceptable,” Taylor added. Information Commissioner Elizabeth Denham maintained that accountability for such data breaches was not ?all about fines?, as companies also have a reputation at stake. She added: “Fines and prosecutions punish the bad actors, but my real goal is to effect change and restore trust and confidence in our democratic system,” she said. Facebook has a chance to respond to its fine before a final decision is made. GDPR factsheet: It isn?t just about customers, it matters for employee data too
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