GDPR made its highly foreseen debut back in May of this year and, until recently, the Information Commissioner’s Office (“ICO”), who are in charge of enforcing the new regulations, had yet to issue any fines.
There had been a lot of speculation as to when the first fine would be issued and to whom, and now Facebook has been issued with the maximum fine of £500,000 under the terms of the Data Protection Act 1998. Under the terms of the legislation, companies must report data breaches to regulators within 72 hours and failures to adequately protect information can result in … Read more