UK firms could face £122bn in data breach fines in 2018
In 2015, 90% of large organisations and 74% of SMEs reported a security breach, according to a UK government survey. When the 2018 GDPR is introduced, which can fine companies up to €20m or 4% of annual worldwide turnover (whichever is greater), an estimated total of £122bn in fines is expected to be owed, should breaches continue at 2015 rates.
ICO has said that the UK “must avoid data protection Brexit”
Elizabeth Denham, UK Information Commissioner, told BBC Radio 4 that “Brexit shouldn’t mean Brexit for standards of data protection”, adding that British businesses need European legislation to be equivalent, to allow British businesses to share information and provide services for EU consumers.
TechUK urges the government to close the big data skills gap
The industry trade body has suggested that 157,000 extra jobs and £231bn benefit to the economy by 2020 could come from big data. Data scientists, data analysts, data infrastructure engineers and systems architects are lacking in the UK, but demand for them is growing. TechUK wants the Government to partner with the tech industry to try and close the skills gap, through upskilling, increasing apprenticeships and curriculum changes.
Data Protection: What Cybersecurity Experts can learn from the Gaming Industry
Organisations can take cues from the gaming industry when it comes to cybersecurity, by making compliance to policies and security rewarding and fun. Gamifying cybersecurity can break down complicated tasks into simple and interesting tasks for staff, to make them more compliant and engage with data security.
IGD Big Debate London – Biggest Brand Retailers speak about navigating the expanding universe of data
Waitrose, Diageo and P&G discuss ways that data in various forms has helped inform successful campaigns for their brands. For example, Diageo owned Pimm’s used temperature and location based digital ads to direct consumers to the nearest pub with outdoor seating when the weather reached temperatures of over 20 degrees. The pubs themselves would update their status every 5 minutes and if they became crowded or fully-booked, their name would be removed from the ads.