Data protection: Time, Training and Investment Are Required

May 20, 2010  |  

(Financial Times) — The Information Commissioner’s Office, the UK privacy watchdog, has this month been given greater powers to levy up to £500,000 in fines for serious breaches of the data protection act. Its increased powers underline the growing pressure that financial services companies and government departments are under to safeguard the huge amounts of sensitive customer data they hold.

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