Under the Data Protection Act 2018 (‘the Act’), the Information Commissioner’s Office (‘ICO’) has the power to fine a company up to £18m or 4% of its global annual revenue, whichever is the greater, for any breach of the provisions of the Act.
Helen Holder of Kangs Solicitors comments on fines that it is reported are being imposed.
Global Companies Fined | Kangs ICO Defence Solicitors
It has been reported in the press that:
- BA faces a £183m fine as the consequence of personal data affecting 500,000 customers being stolen from its website and mobile app. The fine equates to approximately 1.5% of BA’s worldwide turnover in 2018.
- The Marriott Hotel chain faces a fine approaching £100m following the theft of personal data belonging to
of339m guests by hackers.
- Both companies are reported as intending to appeal against the fines imposed.
How Can We Help? | Kangs Regulatory Offences Defence Solicitors
The level of the fines reported this week illustrates the dramatic increase under the Act of the power of the ICO.
Previously, the maximum fine that could be imposed was £500,000, being the amount imposed upon Facebook following the ‘Cambridge Analytica’ scandal.
Clearly, this enormous increase in the level of fines which can be imposed for breaches of the General Data Protection Regulations could potentially seriously damage the financial stability of many a company which may fall into default.
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