Big companies to be targeted by new data protection powers, warns KPMG
Maximum fines for data security breaches up to £500,000
Companies and responsible officials could be fined up to £500,000 for data
security breaches from today, following an amendment to the Data Protection Act.
Employees and companies will now be liable to fines handed down from the
Information Commissioner’s office and Big Four firm KPMG expects the office to
act quickly to make use of its new powers.
Big companies are likely to be the first targets for losing sensitive
customer information. Previously the maximum fine was £5,000.