Even over a year on from the introduction of new GDPR regulations in the EU, the legislation still remains something of a hot topic in the business world. With the likes of British Airways being fined over £183m by the ICO after hackers gained access to the data of over half a million customers, and big hotel chain Marriott being fined almost £100m for a data breach of 339 million guests, it’s no wonder smaller businesses are still finding GDPR daunting.
What if you don’t have millions of customers however? Although keeping your customer data safe and remaining compliant with GDPR legislation is of upmost importance and priority, it can be a confusing maze for small businesses to find relative information to their company size when it comes to the law.
We asked our General Counsel & Head of Stakeholder Relations at Nominet, Nick Wenban-Smith to have a chat to us about GDPR in relation to small businesses specifically. Alongside discussing the latest in GDPR and whether we can expect to see any more fines over the next 12 months, Nick explains the relative penalties for smaller organisations and demystifies the legislation for micro businesses and sole traders.