Companies have been warned they could be fined if they fail to prepare for changes to the Data Protection Act relating to the retrieval of client information.
Since March 2000, firms were required to produce within 40 days any information about a person on their computers or networks.
However the update to the 1998 act failed to apply to information held on non-electronic formats, such as paper files.
From October 24, this will change: company owners will be legally bound to retrieve any information about a person on their hard drive or in their filing cabinet.
Speaking to The Financial Times, David Morgan, chief executive of Invu, a document management company, said unprepared businesses would be hit “very hard,” possibly with a fine.
He told the paper: “How the act will be enforced and the level of penalties for non-compliance are yet to be seen.”
He reportedly urged companies to review their policies and capabilities for the storage and retrieval of client data to avoid falling foul of the incoming regulation.
Sep 14, 2007
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