Hefty fines seem to be quite a likely scenario for Dutch companies who violate privacy rules.
The fines will start at 25,000 Euros and go up to several million Euros (depending on the size of the company). The law is being drawn together by the justice ministry, who is in close cooperation with the Dutch Data Protection Authority (CBP).
These fines are likely to come into force this Autumn and are appllicable to any individual, organisation of company who breaches the privacy data regulations in the Netherlands. This can include publishing photos/video footage without proper consent, to misusing people’s private data such as names, email addresses, contact numbers etc.
If you suffer a data breach, not only could it cost you thousands/millions of Euros with a hefty fine, you will also incur significant brand damage that will ruin relationships with your customers. There is no sum of money that can bring back these customers; once they are gone, they are gone.
To ensure you don’t get to this point, you need to act now.
Acting sooner rather than later could quite literally save your business. You need a strong Information Management System (ISMS) that covers hackers, online fraud, privacy regualtions and computer misuse. If you haven’t got an ISMS in place then read IT Governance: A Manager’s Guide to Data Security and ISO 27001 / ISO 27002, Fourth Edition. This is a useful manual which covers all aspects of data protection and information security. It includes the latest changes and is written in a practical and non-technical style. All of the references in the book comply with ISO 27001, the worlwide recognised standard for information security.