EU Business News August 2017

EU BUSINESS NEWS / August 2017 11 Two in Three Bosses at Britain’s Biggest Businesses Not Trained to Deal with a Cyber Attack g Helen Stephenson CBE, Chief Executive at the Charity Commission for England and Wales, said: “Charities have lots of competing priorities but the potential damage of a cyber- attack is too serious to ignore. It can result in the loss of funds or sensitive data, affect a charity’s ability to help those in need, and damage its precious reputation. Charities need to do more to educate their staff about this threat and ensure they dedicate enough time and resources to improving cyber security. “We want to make sure charities are equipped to do this, and we encourage them to use the advice on our Charities Against Fraud website. We also continue to work closely with the Department for Digital, Culture, Media and Sport to help charities protect themselves online.” The FTSE 350 Cyber Governance Health Check is the government’s annual report providing insight into how the UK’s biggest 350 companies deal with cyber security. The government will soon be introducing its new Data Protection Bill to Parliament. With this coming into effect next May, implementing the General Data Protection Regulation (GDPR), the report for the first time included questions about data protection. The new data protection law will strengthen the rights of individuals and provide them with more control over how their personal data is being used. The report found: • Awareness of GDPR was good, with almost all firms (97%) aware of the new regulation; • Almost three quarters (71%) of firms said they were somewhat prepared to meet the GDPR requirements, with only 6% being fully prepared; • Just 13% said GDPR was regularly considered by their board and; • 45 % of boards say they are most concerned with meeting GDPR requirements relating to an individual’s right to personal data deletion. The Information Commissioner’s Office has produced guidance for organisations on implementing the regulation, including a checklist for businesses on the actions they need to take; and a series of interactive workshops and webinars. The ICO will also produce guidance for organisations about the responsibilities under the GDPR and individuals on their rights under the GDPR. The Department for Digital, Culture, Media and Sport will continue to work closely with the Information Commissioner’s Office (ICO) during this transitional period. www.gov.uk