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Posted by Lynne on May 6th 2018
The new General Data Protection Regulation (GDPR) comes into effect on May 25 and according to a recent survey by the Institute of Directors (IoD) only six in ten company directors are confident that they will be fully compliant with the new law.
Under GDPR, individuals must opt-in whenever data is collected on them, currently many firms only give customers the option to opt-out.
If businesses fail to comply they would face extra audits and be forced to delete data. Ultimately they could be issued with fines of a maximum of 4pc of their annual turnover or £17.6m whichever is greater.
If you require any assistance with GDPR and how to ensure you are compliant, please call Stripes Solicitors 0161 832 5000
Managing Director, Andrew Stripe is delighted to announce that Stripes Solicitors has once again been recognised by the prestigious Legal 500 publication 2018/19 as a Leading Law Firm and with many of our practice area teams being individually recommended. Our Commercial Litigation team is highlighted in particular as “always quick to respond and gives clear […]View More
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Stripes are technically astute and are often several steps ahead of the opposition and able to advise us as to what the opposition will do next.
Andrew Stripe rolls up his sleeves and gets involved with all cases we place with Stripes whether litigated or undisputed even though many cases may be conducted by other fee earners in his team.