This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Consumers ‘concerned over sharing of personal data’
07 April 2015

The Information Commissioner has told businesses they need to do more to inform consumers about the way their information is being shared.

Christopher Graham’s comments on 18 March followed a survey of 1,575 people on data protection matters, which found that 85 per cent were concerned about how their personal information was passed or sold to other organisations.

It also found that 77 per cent of respondents were concerned about organisations not keeping their personal details secure.

Mr Graham said: “Providing people with enough information to understand how their details will be used is a basic principle of data protection. While the vast majority of companies are meeting the letter of the law…most people remain concerned about how their information is being shared. This situation is not good for consumers, or for businesses.

“We are set for a new data protection framework in the next three years, but there are still basic things that organisations can be doing today, not only to comply with the current legislation, but also to prepare for the future regulatory landscape.

“Businesses should take the results of our survey as a prompt to address consumers’ concerns and provide clearer information to explain when people’s details will be shared and with whom. Getting these basics right today will not only improve consumer trust but also help a business along the road to future compliance.”

Link: Guide to data protection

Other recent news

Planning your exit? Watch out for the BADR changes
20 March 2025

If you are thinking about selling your business, timing could…
Read more

Paying your employees will cost you more after 6 April
20 March 2025

From 6 April 2025, changes to employer National Insurance Contributions…
Read more

Why you need to meet with your accountant before April
20 March 2025

As the end of the tax year approaches, it is…
Read more

Upcoming Inheritance Tax changes that could affect you
20 March 2025

Upcoming changes to Inheritance Tax (IHT) will be phased in…
Read more

Time is running out to check for gaps in your State Pension!
20 March 2025

If you have had career breaks, worked abroad, or earned…
Read more

»

Case Studies