Now with the European GDPR standards in force, the ICO has even more power. It can now levy a fine of 4% of global turnover or €20 million, whichever is the greater.
Consumers can make a complaint direct to the ICO if they believe their data is being misused and the ICO is equipped to take swift and decisive action against companies. But the ICO does not exist to gain compensation for individuals and under Article 82 of the GDPR, which came into force on 23 May 2018, a data subject can claim compensation for any material or non-material damage. This means that there is no requirement to prove that loss has actually occurred and brings to light an very large number of potential claims, as data processing activities are construed in the widest sense possible and apply to almost any scenario where an organisation handles personal data.
Due to the autonomous and electronic nature of modern data processing activites (whether it be payroll, insurance calculations, credit decisions, and security updates, for example) incidents of a data breach or breach of the regulations are unlikely to be isolated. This has given rise to a new business stream for high-volume claims processors and solicitors, which is where National Data Compliance (NDC) comes in.
While the ICO rightly seeks to stop companies abusing personal data, National Data Compliance (NDC) plays an active role in achieving proper compensation for people who have had their personal data stolen, leaked or in any way misused by connecting them with legal firms that can administer their complaints and secure financial compensation.