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Data protection has quietly become one of the most legally sensitive areas in the commercial world, where a single breach can cost a company 4% of its global turnover. At Bristows, getting this right is pivotal for the success of their clients who operate at the forefront of technology and life sciences. From advising social media giants on new features, to managing global regulatory enforcement, there is a constant struggle to keep pace with innovation while protecting people’s most sensitive data.
Data protection involves ensuring personal data is used in a transparent and fair manner through general compliance and product advisory work. A solid compliance framework is not a one size fits all solution because it must be tailored to the specific size and industry of the organisation. Regulators now possess significant powers to issue massive financial penalties reaching up to 4% of global annual turnover, forcing companies to prioritise compliance and responsible data usage.
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