Data Protection for Financial, Legal and Insurance Companies
Working in a highly regulated industry, it’s often easy to overlook or take for granted some of the more basic steps needed to protect confidential information.
Enforcement of data protection laws is becoming more stringent (monetary penalties totalling over £6 million have been issued by the Information Commissioner’s Office since 2011). The ICO is even pushing for prison sentences to prevent unlawful use of personal data. With your reputation on the line - and that of your clients - it is more important than ever to ensure that you are taking all of the steps needed to comply with data protection legislation and best practice.
This brief overview covers the essential elements of data protection legislation, plus:
- A summary of relevant guidance from key industry bodies
- What the Data Protection Act covers and who must comply
- Penalties for non-compliance
- A checklist of practical steps to avoid serious and damaging data breaches