At present, businesses can only be fined up to €500K for losing data, but from May 2018 the EU General Data Protection Regulation (GDPR) comes into force, bringing with it fines of up to 4% of annual global turnover, or €20M (whichever is greater) for businesses that do not adequately protect customer data.
(And, before you ask, the Government has confirmed that the UK’s decision to leave the EU
will not affect the commencement of the GDPR.)
The statistics
(2016 Ponemon Institute “Cost of a Data Breach”)
(Federation of Small Businesses (FSB): Cyber Resilience Report 2016)
Don't become one of the statistics! A few simple questions to ask yourself:
Contact our team now - 0345 557 8698 - for a free, no obligation quotation - it starts with 4 easy 'Yes' / 'No' questions and takes less than 5 minutes.
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