Welcome to your weekly update from the Allen & Overy Pensions team, bringing you up to speed on all the latest legal and regulatory developments in
The leak of confidential data from the Panamanian law firm, Mossack Fonseca, two weeks ago has highlighted the potential reputational risks that
Which? has released figures obtained from the ICO which show that 515 complaints were lodged with the ICO about possible data protection breaches by the UK’s 8 largest banks and building societies during 2009.
On May 28, 2010, the UK Information Commissioner's Office issued a press release stating that it has been notified of more than 1,000 data security breaches since it began keeping records in late 2007.
The Financial Services Authority has considerably increased the stakes in its efforts to get the organisations it regulates to take data security seriously.
The UK Financial Services Authority (FSA) has announced today fines for three HSBC entities totaling £3 million for failing to have adequate systems and controls in place to protect their customers' confidential data.
Over its 25 year history, data protection has not been a glamorous topic.
After some "Will they? Won't they?" speculation, the Ministry of Justice (MOJ) confirmed that the Government will not be introducing a mandatory data breach notification law for the private sector as part of its package of data protection law reforms outlined in the Queen's Speech for 200809.
As has been widely reported, HM Revenue & Customs (HMRC) admitted having lost two CDs containing the personal and banking data of all child benefit claimants.
After much campaigning from the public and private sector, the U.K. Information Commissioner's Office (ICO), the privacy watchdog, now has the power to impose substantial fines for the deliberate or reckless disclosure, procurement or obtaining of personal data without consent.