GDPR Good for UK Business and Economy

GDPR Good for UK Business and Economy

According to a number of data protection experts, implementation of the European Union’s General Data Protection Regulation (GDPR) makes good commercial sense.

When asked what changes they would like to see after Brexit, they told the House of Lords EU Home Affairs Sub-Committee that they would like to see the GDPR in operation to an adequate level as a starting point.

Senior consultant attorney at legal firm Hunton & Williams, Rosemary Jay, said: “That is critically the most important thing for business commercially.

“We should look for the positives in the framework to look at what we can do in the right rather than trying to avoid the regulation because it offers protection for individuals and a framework for business in a digital world.”

Head of legal data protection and cybersecurity at PricewaterhouseCoopers (PWC), Stewart Room, said the GDPR provides a code for good business practice in handling personal data.

He said: “Stripping out the legal components and enforcement mechanisms, we find in the GDPR a framework that most businesses would agree as being necessary for data handling.

“As far as consumers are concerned, the GDPR gives more rights over personal data, such as greater right to transparency and a greater right to intervene in the operation of business if they have concerns [about their personal data].”

Room added it is important for the Information Commissioner’s Office (ICO) to remain relevant and penetrative as well as being able to lead. 

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