The Information Commissioners Office has been granted new powers by the British Government that could see companies being fined up to 500,000 for breaching the Data Protection Act. The fine is a jaw-dropping 100 times higher than previous maximum penalties. Comes in the wake of a series of high profile incidents where organisations have been careless about properly securing the personal identifiable data of individuals. The first organisations to be hit by the fines will not only get hurt in the pocket, but will also have damage done to their reputation.”]
Source: https://grahamcluley.com/uk-firms-face-500000-fine-losing-data/