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Daily Dashboard | New EU Regs May Mean 42.8m GBP Bill for UK Related reading: Target agrees to pay $18.5M for 2013 data breach

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With the onset of the new EU data protection regulations, the Information Commissioner’s Office (ICO) workload is expected to increase exponentially. Belfast Telegraph reports that Members of Parliament are now warning that this—combined with the elimination of some fees—could lead to a 42.8 million GBP funding gap to be shouldered by taxpayers. A major source of the ICO’s funding comes from fees required by the Data Protection Act 1998, but the data controller registration fee and a notification fee have been abolished in the new regulation. Justice Committee Chair Sir Alan Beith said, "Taxpayers will have to pick up the tab...unless the government can find a way of retaining a fee-based self-financing system."
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