Latest News

LBTT threshold must be implemented immediately

09 July 2020

In response to the Chancellor's Summer Statement at Westminster, the Cabinet Secretary for Finance, Kate Forbes MSP, has said that the Scottish Government will raise the threshold for Land and Buildings Transaction Tax (LBTT) from £145,000 to £250,000. Read More...

Electronic signatures for conveyancers

09 July 2020

HM Land Registry has today, 9 July issued draft guidance on the introduction of e-signatures in order to tackle the issues that legal formalities have caused during the COVID-19 pandemic. Read More...

Court case brings to light the importance of Sales Protocol Toolkit

09 July 2020

A recent case where a surveyor failed to identify serious remedial issues has highlighted the importance of using Propertymark’s Sales Protocol Toolkit to help minimise potential misconduct when selling a property. Read More...

Government introduces Job Retention Scheme

08 July 2020

The Chancellor, Rishi Sunak, launched today, 8 July, a new scheme to encourage business to keep furloughed workers providing a £1,000 one-off payment to UK employers for every employee they bring back from furlough, who remains in employment until the end of January 2021. Read More...

Apprenticeships soften pandemic blow to employment for young people

08 July 2020

As part of today’s announcement by Chancellor Rishi Sunak, apprenticeships are to receive a huge boost from the UK Government's measures to grow jobs and strengthen the economy. Read More...

GDPR – One year on: stay focused

Monday 05 August 2019

We're one year in and complaints to the regulators are nearing 200,000 and reported breaches are over 85,000. Are we all still being successful in protecting the data of your applicants and vendors?

Nick Murphy, GDPR consultant at 3 Lines of Defence Consulting writes for Propertymark’s Property Professional magazine where he considers complaints, breaches and fines.

With one year passing since GDPR came into force, we are seeing fines on the increase. We had Google hit with a record €50m fine and British Airways fined £183m after customer data was stolen- but these are just the headline-grabbing incidents.

Pregnancy club Bounty UK was hit with a £400,000 fine for illegally sharing personal information, and equaling that was Equifax for, again, miss use of personal information. Even the Crown Prosecution Service was hit with a £350,000 fine for loosing DVD stored data. Many fines have also been handed out for companies making marketing calls without gaining consent from the recipients.

Just because the property market has not hit the headlines yet, there is no reason to be complacent.

Ask yourself - Are you still being successful in protecting the data of your applicants and vendors? Are you sure that you comply with the law? Are you confident that you are protected?

Points to consider going forward:

1) Awareness and understanding

Can you guarantee that your staff is fully compliant and fully informed of their responsibilities towards GDPR? If you work for a large organisation there maybe a sound GDPR process in place but at branch level can you be sure it is implemented?

2) What data do you hold

Do you know what data you hold, where you got it and where it is?  It may sound simple, but this is often something firms have not really thought about. You need to work this out, removing data you do not need. 

3) Ongoing compliance

Compliance is an ongoing process, not a one-off exercise. Think about when you take on new employees or change your service offerings. Ensure they fit your framework. Its essential to “fire test” your processes so that you know “when, how, and what” you need to do.

4) Data security

GDPR is just one element of the wider IT security remit that you need to adopt. Remember if a laptop or mobile device is lost that contains personal data, as defined by GDPR, and is not protected and/or encrypted then this is a potential data breach.

In summary: stay focused, stay up to date and stay vigilant. GDPR is here to stay. Data breaches continue to increase – don’t let it happen to you.

For more advice, contact Nick Murphy at 3LDC on 07954730296, emailing info@3ldc.com or visiting www.3ldc.com

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