The key data that is usually stored by organizations, be it representative documents, valuable customer information, track records, future plans, trades or other secrets, should be protected. This is to prevent the information from being misused by outsiders for misrepresentation, for example, hacking tricks and fraud. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay This valuable database that needs to be protected contains very sensitive data such as information about shareholders, ideas, company growth or banking details which, if disclosed, could even destroy a person or an entire organization. Therefore, in the UK, in 1998, the British government passed a Data Protection Act, which requires all business authorities and social sites or organizations to make their databases 100% secure from all types of theft and scams. By making a company legally ICO compliant, it ensures any future problems and headaches, releases the tension of businessmen from any theft, scam or fraud. Enlisting information assurance via ICO incorporates direction through 8 data protection principles which are: Fair and legal procedure. Operated for limited purposes. Adequate, relevant and not excessive. Accurate. Do not store longer than necessary. Processed in line with your rights. Safe .Not processed to other regions without proper authorization and protection. All these principles make this law a great success and essential for everyone, this ensures that a business is processed legally and protects from any fines, as fines for database breaches can be up to half a million pounds. And because the ICO certifies a company as legally correct, it can increase the company's production, reputation and recognition in the business world. Companies can display their ICO certification on their websites or pages to attract more consumers. So, obedience to this law also serves as a reminder to customers. This gives them confidence that any data they provide will be fully protected and carefully handled, regardless of whether it is sensitive information. Staff can also be managed properly with knowledge of the law. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay But as they say a coin has two sides, this too takes action, although all these benefits of data protection also have some impacts that a business has to bear. So like any other law, this act is also very strict, it needs to be properly adopted and maintained from time to time, the company cannot compromise with this, as discussed above, security violation can lead to heavy fines. Furthermore, if a person is thinking of starting a company, this act adds the cost of data protection registration and training provided to staff to protect the company's data, making the investment for the company much more than expected.