GDPR: What Life Science organisations need to do to comply

Since GDPR became a thing on May 25th 2018, organisations need to be prepared to comply with a whole new set of data protection regulations, or face fines of up to 4% of your worldwide annual revenue. The regulation is set to disrupt businesses across the world, and provide a big data privacy boost for consumers, […]

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The 10 biggest GDPR fines to date – and yes, we are talking hundreds of millions worth of fines

It’s been three years since the introduction of one of the toughest data protection laws – the European General Data Protection Regulation [GDPR]. Since the regulation took effect in May 2018, hundreds of millions of euros worth of fines have been issued across the European Economic Area and the U.K. Any organisation, be it a […]

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Why should accountants take notice of GDPR?

Billed as the “most important change in data privacy regulation in 20 years”, GDPR took affect on 25 May 2018. So what is the regulation and why should accountants take notice? What are the implications for accountants? Accountants handle a vast amount of data – both client and employee – on a daily basis. Firms will need […]

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Getting management to care about GDPR

The GDPR is seen as the gold standard for data privacy and protection around the world. If breached, the enforcement can be harsh, to say the least. Infringement of some of the GDPR laws can result in fines, big fines. For example, a €20 milion or 4% of global annual turnover fine (whichever is greater) […]

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How Does GDPR Affect Blockchain And Cryptocurrency?

Since the advent of the General Data Protection Regulation (GDPR) regulation, organisations, both large and small, have been affected, including companies involved in blockchain and cryptocurrency that have to ensure that their infrastructure is GDPR compliant. Blockchain And Cryptocurrency The fundamental logic behind blockchain is its security and encryption that makes data unreadable to others without the […]

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What is Schrems II and how does it affect your international data transfer

On July 16, 2020 the Court of Justice of the European Union [CJEU] issued its judgement in the Data Protection Commissioner vs. Facebook Ireland Limited, Maximilian Schrems (C-311.18) – the Schrems II case. In this landmark decision, the CJEU declared the European Commission’s Privacy Shield – one of the most widely used primary data transfer […]

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