bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 16.08.2018 | Name days: Astrīda, Astra
LatviaLatvia

Most businesses in Latvia still not ready for data protection regulation

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe majority of businesses in Latvia are still not ready for EU General Data Protection Regulation, which is due to come to force on 25 May, says KPMG lawyer and certified data protection specialist Sanita Pētersone.

«We had two years to prepare for the regulations. Now it is clear that many hope to do everything at the last moment,» said Pētersone.

As the main reason for poor readiness for the regulation’s introduction she mentioned that both businesses and residents are equally lacking in knowledge when it comes to the regulation. The state could have done more to improve residents’ understanding of new rules. On top of that, many expected a specific law to be developed in Latvia, even though the regulation works directly without additional legislative acts.

Pētersone also reminds that the regulation allows supervisors to visit any business and institution and request proof of compliance with the General Data Protection Regulation even if there were no complaints about data theft.

The fine for improper use of data will also increase. «Penalties are motivating. The maximum penalty for improper data processing at the moment reached EUR 14,000. From 25 May onward penalties will be much larger. The maximum penalty will be EUR 20 million or 4% of the company’s previous annual turnover in the world. When applying the penalty, experts will calculate which is larger. Those are considerable penalties, and will help motivate companies be more serious about data protection,» says Pētersone.

The main requirement businesses and institutions have to meet before 25 May, according to Pētersone, is sufficiently informing private persons about the regulation. When entrusting their personal information to third parties, it is important for them to be provided with information as to who will be processing their information and how, so that the person is aware of the possible consequences.

«Another critical matter the regulation covers is use of outsourced services. For example, companies often store data on servers owned by third parties. This means other companies have a way to access databases. Liquidation of documents is also often outsourced. Marketing companies often perform advertisement campaigns on behalf of other companies. They do this by acquiring their clients’ contact information. In all of those cases companies hand over data about employees or clients to third party companies. The regulation will prohibit handing over data to outsourced service providers,» says KPMG expert.

Pētersone allowed that Latvia may experience a lot of problems with regulation’s introduction, because so far data protection has been viewed only from security aspect.

«I think problems could appear with properly formulated client’s approval. Keeping data subjects informed may be a problem. The regulation also increases the volume of information to be provided to the data subject. At the same time, this information needs to be provided in simple and comprehensible manner. It is a major challenge to understand the way information should be combined,» adds Pētersone.

KPMG lawyer also notes that the General Data Protection regulation will mostly apply to businesses with a lot of clients and large databases. Data protection is an important matter for businesses and institutions that process especially sensitive data – information about a person’s health, financial state and children. State and municipal institutions with access to large volumes of data will have to monitor compliance with the regulation.

It will also be necessary to think about justified reasons for personal data requests. It is also important to remember that data is acquired through video footage and photos.


Leave a reply

African swine fever found in domestic pigs in Saldus; inspectors investigate illness in Unguri

African swine fever has been found in domestic pigs in Saldus Country’s Zaņa Parish. The infection was found in four domestic pigs. It cannot be excluded that ASF may have entered SIA Druvas Unguri farm’s pig enclosure along with sawdust or cars, as reported by Food and Veterinary Service Public Relations Office manager Ilze Meistere.

Lithuania lays symbolic rail on restored Mažeiķi–Reņģe railway line

Lithuania’s Lietuvos geležinkeliai railway company’s director general Mantas Bartuška and Polish oil concern Orlen manager Daniel Obatjek laid a symbolic rail on the restored railway route connecting Orlen Lithuania owned Mažeiķi oil processing plant in Lithuania and Reņģi in Latvia this Tuesday, 14 August.

Unemployment level in Latvia down to 7.7% in Q2 2018

In Q2 2018 Latvian unemployment rate constituted 7.7 %. Compared to the previous quarter, unemployment rate fell by 0.5 percentage points, while over the year it dropped by 1.2 percentage points.

Saeima approves stricter requirements for fast loans

On Tuesday, 14 August, Saeima’s Economic Committee supported in the second reading amendments to the Consumer Rights Protection Law. The legislative draft states that total loan costs that exceed 0.07% a day from the loan amount are unacceptable and non-compliant with good practice, as reported by Saeima press-service.

Noord Natie develops a new business niche – attracts cruise ships for Ventspils

The first of the cruise ships attracted from SIA Noord Natie Ventspils Terminals will arrive at Ventspils port this week. NNVT stresses that development of cruise business as a new product will help develop tourism in the city and region, as well as provide a contribution to economic development and raise recognition of NNVT terminal and the city.

Culture Ministry announces open contest for post of director of Rundale Castle Museum

Latvia’s Culture Ministry invites contenders to apply for participation in an open contest for the post of director of Rundale Castle Museum. Contenders can submit their applications before 14 September.

Lithuania’s Central Bank to assess information about Latvian VIA SMS Group

Lithuania’s Central Bank has promised to assess information regarding Latvian VIA SMS Group working in the country. This decision is a reaction to the statement made by Seimas National Security and Defence Committee member Arvydas Anušauskas that people associated with former Parex Banka owners work in that company.

Small wineries in Latvia will be allowed to use only local products

Members of Saeima’s Economic, Agricultural, Environmental and Regional Policy Committee supported amendments to the Handling of Alcoholic Beverages Law, stating that small breweries will be allowed to use products grown only in Latvia.

How successful are businesses owned by Saeima deputies? UGF members at the top

Currently politicians in Latvia who own shares in businesses and are also true beneficiaries in capital associations are in the minority. Information compiled by Lursoft shows that 35 Saeima deputies and members of the Cabinet of Ministers own shares in businesses.

Investigation: police arrest man who rammed car into a crowd of people in London

Police in London have arrested a man suspected of ramming barriers outside the parliament building and injuring multiple people in the process.

Number of visitors serviced at Latvian accommodation establishments up 11.3%

A total 772.3 thousand visitors stayed at Latvian tourist accommodation establishments in Q2 2018, which is 11.3 % more than in Q2 2017.

Ministry drops plans to allow doctor assistants rights to write referrals

Latvia’s Healthcare Ministry has dropped the proposal supported by multiple doctor organizations to allow doctor assistants write referrals, according to the project of rules for the organization of healthcare services approved at the state secretaries meeting.

Latvia to test its National Armed Forces’ state defence capabilities

The largest military drills in Latvia’s history – Namejs 2018 – will be taking place in the country from 20 August to 2 September. The goal of this military exercise is to test and improve the country’s National Armed Forces’ readiness to defend the country on their own and as part of a collective defence system, Defence Ministry says.

Insolvency administrator recovered EUR 320,500 from Trasta komercbanka in July

The administrator of the liquidated Trasta komercbanka has recovered EUR 320,501 in July 2018, which is much more than the amount recovered a month prior, when EUR 5,054 was recovered, according to information published by Latvian Herald.

Latvian parties promise to shorten length of judicial proceedings

Political parties that plan to participate in upcoming Saeima elections promise significantly reducing the length of judicial proceedings. They also promise to cancel the opportunity to appeal court verdicts in certain criminal cases, as well as perform a general modernization of the judicial system, according to LETA’s compilation of parties’ programmes.

Wooden promenade collapsed in Spain during festival, injuring 313 people

313 people were injured when a boardwalk collapsed during a sports and music festival in the City of Vigo, in the north-west of Spain, as reported by officials.

Insolvent Tosmare Shipyard plans to lay off workers

Tosmare Shipyard, which has been declared insolvent recently, has plans to lay off workers, as reported by LTV.

French police do not allow Latvian activists to carry flag up to Mont Blanc

Police in France stopped the expedition attempted by climbers from Latvia when they attempted to carry a pole and Latvia’s flag to the peak of Mont Blanc, as reported by The Times.

Minister: Economy Ministry’s proposed plan to abolishment of MPC is not the best solution

Economy Ministry’s proposal to abolish mandatory procurement component fee in three years’ time is not the best solution, said Economy Minister Arvils Ašeradens at a meeting of the Cabinet of Ministers.

Construction output in Latvia increased 31.6% in Q2 2018

Compared to Q2 2017, construction output increased by 31.6 % in Q2 2018. Construction output rise was observed in construction of buildings, civil engineering and specialised construction activities.

SEB Bank survey: 40% of youngsters want to have their own business

Youngsters in Latvia are more ambitious that their neighbours in Lithuania and Estonia and wish to start their own business in the future. 36% of Latvian youngsters aged 18 to 25 have plans to start a business. 4% of them already have a business of their own.

Bank of Latvia acquires securities worth EUR 7.187 billion

As part of European Central Bank’s Public Sector Securities Purchase Program, the Bank of Latvia procured at the end of July securities of international organizations in Latvia and Eurozone worth EUR 7.187 billion, according to information published by the Bank of Latvia.

SLC: there is a desire to please businessmen in language matter

Every now and then a desire to please businessmen, foreigners and investors is noticed in state administration, which surfaces in the form of additional freedoms, said State Language Centre’s director Māris Baltiņš in an interview to 900 seconds programme of LNT.

airBaltic: 7-8% of planes fully occupied in summer months

In summer months 7-8% of passenger aircraft of Latvian national airBaltic airline are fully occupied, says airBaltic CEO Martin Gauss.

Baltcom: merge of LMT and Lattelecom is unavoidable in the future

The merge of mobile communications operator Latvijas Mobilais Telefons and telecommunications company Lattelecom is unavoidable in the future, says Baltcom manager Nicolas Boissin.

Newest comments