NEWS – “without comment”
UK Government Unveils New Data Protection Laws Promising £1Billion in Business Savings, by Tyler SmithJune 19, 2022, LinkedInTwitterFacebookWhatsAppTelegramCopy LinkShare, The UK Government has disclosed details of its intention to introduce new, business-focused data protection laws in its latest ‘clampdown on bureaucracy’., The proposals, which were announced at the end of London Tech Week this week, plan to reform the UK’s current data protection laws, offering businesses wider flexibility in how they obtain consent to use a customer’s data., The arrival of these reforms would do away with most of the European Union’s general data protection regulation, which was introduced four years ago and requires businesses to adhere to complex ‘box-ticking’ exercises, and limits how businesses are able to use the data they colllect., The prescriptive one-size-fits-all requirements of GDPR add an extra level of burden to businesses in certain cases, including the requirement for some small businesses to have a data protection officer and engage in time-consuming assesments., The new UK GDPR means that these businesses now won’t have to bring in this officer, so long as they’re able to manage the risks effectively themselves, whilst the amount of paperwork and red tape has also been reduced., However, businesses will still have to complete a privacy management programme, so that they can remain capable of processing data correctly while ensure that they’re able to meet the requirements of the reforms.
Full Article at: https://thefintechtimes.com/uk-government-unveils-new-data-protection-laws-promising-1billion-in-business-savings/