Saturday 24 March 2018

New data regulations top event's agenda

File photo: Depositphotos
File photo: Depositphotos

Harry Leech

Leading figures from finance, technology, the legal profession and public sector are among the many delegates attending the DataSec 2017 conference which takes place in the RDS Concert Hall, Dublin, on May 3.

The conference is focused on the General Data Protection Regulation (GDPR) which comes into effect in May 2018. Key Irish and international speakers will address the event. The GDPR replaces all current data protection regulations and will result in significant changes in how the public and private sectors across the European Union and beyond deal with consumer data.

While the upside to complying fully with the new regulations is improved workplace efficiency and consumer confidence, the penalties for non-compliance are even greater - fines of up to €20m or 4pc of worldwide turnover, as well as the possibility of civil suits.

The conference will provide expert speakers in IT, data protection and law to help Irish businesses and public sector bodies comply with GDPR.

One of the expert speakers at the conference, Data Protection Commissioner Helen Dixon, said that while some Irish businesses may feel that the GDPR does not apply to them, full implementation of the regulation should be an immediate and urgent concern. "The GDPR is big news because it can't be business as usual for any type of company or public sector body after May 2018," she said.

Sunday Indo Business

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