The Information Commissioner’s Office (ICO) has announced plans to implement new guidelines for businesses on the safe management of big data.
Deputy commissioner David Smith stated at an event in London this week (July 16th) that effective protection for consumer data must be at the heart of all business practices, CSO Online reports.
“We’d like to see more guidance on what companies need to do when something happens to the big data they’re storing and how they respond to that in the necessary time frames,” he commented.
An inability to effective carry out essential data recovery measures could lead to firms facing considerable fines from the ICO, with data breaches also posing the risk for a significant loss in reputation for companies that are ill-prepared for such threats.
Mr Smith concluded organisations now need to look into ways to successfully anonymise personal data, as this could be a positive method for minimising risk.
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