Investigations by the Information Commissioner’s Office (ICO) into nuisance marketing have resulted in 16 company directors being banned from running a company for more than 100 years in total. The latest ban, issued by the Insolvency Service, is effective from 1 March 2019 and disqualifies one of the worst offenders the ICO has seen since the laws were introduced 15 years ago. Richard Jones, 31, of Carmarthen, South Wales has been barred from being a company director for eight years after his two companies, Your Money Rights Ltd and Miss-Sold Products…
Month: February 2019
‘Stay Away from Bitcoin. It’s a Mirage,’ Says Warren Buffett
Warren Buffett, who earlier this month said he wouldn’t own bitcoin because he doesn’t consider it a store of value or reliable means of exchange, again dismissed bitcoin on Friday. Warren Buffett, investor and Berkshire Hathaway CEO, made an interview with CNBC on 14th March 2014. He warned investors to stay away from Bitcoin and other digital currencies “It is a mirage basically”, he insisted. That is pretty obvious that Warren doesn’t believe in Bitcoin long-term potential. He also maintained that cryptocurrencies have a lack of intrinsic value, though he conceded that they…
Blog: Advancing the adtech debate from a data protection perspective
Simon McDougall, Executive Director for Technology Policy and Innovation, invites adtech industry stakeholders to a fact-finding forum. Advertising is as old as commerce itself. Companies have always innovated to access new markets, and people are often happy to learn of new products and services. But in recent years, technology has completely transformed the way advertising is bought, sold and delivered. Many advertising techniques use people’s personal information, in the form of a personal profile, to decide which advert is delivered to them. Publishers then utilise real-time advertising methods to sell the…
ICO to audit data protection practices at Leave.EU and Eldon Insurance after fining both companies for unlawful marketing messages
The Information Commissioner’s Office (ICO) has issued fines totalling £120,000 to an EU referendum campaign and an insurance company for serious breaches of electronic marketing laws and is set to review how both are complying with data protection laws. The ICO announced an audit and issued a preliminary enforcement notice as well as three notices of intent to fine Leave.EU and Eldon Insurance trading as Go Skippy Insurance, in November 2018 as part of its investigation into data analytics for political purposes. After considering the companies’ representations, the ICO has…