For the last 6 months, fines under the GDPR may have seemed like an empty threat...
... but GDPR fines are very much a reality for at least 100 companies this week. These, and 800 others were sent warning letters regarding their failure to pay the data protection fee in September.
The ICO issued a statement on their website regarding these fines;
"All organisations, companies and sole traders that process personal data must pay an annual fee to the ICO unless they are exempt. Fines for not paying can be up to a maximum of £4,350.
This follows regulations which came into force alongside the new Data Protection Act on 25 May 2018.
These first organisations have been fined for not renewing their fees following their expiry and more fines are set to follow. More than 900 notices of intent to fine have been issued by the ICO since September and more than 100 penalty notices are being issued in this first round."
Following the implementation of the GDPR, the ICO now employs 670 members of staff, to uphold the law. The money raised from issuing such fines, goes straight back into funding investigations into data protection issues, issuing guidance regarding the GDPR and handling complaints.
This is simply one of the areas under which the ICO holds fining power now the GDPR has come into force, and could be a very costly mistake to businesses who are complacent in their responsibilities.
Have you assessed your responsibilities under the GDPR?