Economic Crime Act: new guidance for agents on information sharing
The Department for Business and Trade (DBT) has published in-depth advice for anti-money laundering (AML) regulated firms to explain the legal protections around sharing client data. The Economic Crime and Corporate Transparency (ECCT) Act 2023 introduced provisions that allow businesses to tackle AML by voluntarily sharing and receiving information, however, agents have raised concerns that they may be liable for breaches of confidentiality.
Deciding cybersecurity spend: how much is enough?
As technology continues to advance, the threat of cyber-attacks becomes increasingly prevalent. Investing in robust cyber defence measures can help property agents protect their sensitive data and systems — but what proportion of an IT budget should be set aside?
Data sharing framework to enable digital homebuying
The Data Protection and Digital Information Bill (DPDI) passed its Second Reading in the House of Lords on 19 December 2023 and once introduced, it will support the development of secure digital identity services which promise to speed up property purchases, reduce fraud and revolutionise the customer experience.
Data privacy in the housing sector - unlocking GDPR
Although the General Data Protection Regulation has been with us since 2018, for many organisations it has remained a complex piece of legislation, difficult to navigate and something that always sits at a bottom of a to do list. With that in mind, Propertymark has partnered with Risk Evolves to give members access to free training opportunities throughout 2024.
Data protection reminder for housing sector after breaches
The Information Commissioner's Office (ICO) has published refreshed advice for agencies on how to comply with UK GDPR law after analysis of complaint data revealed a lack of understanding in the UK housing sector.
Responding to a Subject Access Request
The Data Protection Act 2018 gives any individual (data subject) the right to request access to all the information held about them. We have outlined the steps you need to take when a request is made in writing by an individual seeking to access their personal data.
The importance of effective cyber risk management
There is now a greater reliance on digital services for agents, this makes it even more important to review and invest in cybersecurity to manage the risk of potentially disruptive cyber incidents.
Helping homebuyers avoid fraudsters
The National Economic Crime Centre (NECC) and partners have launched a new phase of their campaign to help homebuyers avoid Payment Diversion Fraud (PDF).
Data: A new direction
The UK Government has launched a consultation on its strategy to reshape the UK’s data protection regime, which intends to reform current regulation to aid growth, innovation and competition, re-affirming the UK as a 'hub' for data-driven business.
Fact sheet: General Data Protection Regulations (GDPR)
The General Data Protection Regulations (EU GDPR) were rolled out across the EU on 25 May 2018. The Regulations brought consistency in data handling to EU member states and granted individuals additional rights on when and how their personal data is used.
Gallagher’s Cyber Risk Management Webinar Series
Specialist insurance broker and Propertymark Industry Supplier Gallagher discuss their findings which show that businesses are experiencing an increase in cyber risks as a result of changes in the way of working.
Homebuyers now able to use smartphones to prove identities
HM Land Registry has launched its first Digital Identity Standard to make identity verification safer and more convenient for anyone buying property in England and Wales.
ICO registration mandatory for all businesses
Any business or sole trader who processes personal information must register with the Information Commissioner’s Office (ICO) under the Data Protection Act 2018 and failure to register is a criminal offence.
Property industry urges the use of the UPRN across the sector
Propertymark, along with other leading residential property bodies across the UK, have published an open letter to Robert Jenrick, Secretary of State for Housing, Communities and Local Government (MHCLG) and Thalia Baldwin, Director of the Geospatial Commission highlighting the potential benefits from implementing a widely adopted Unique Property Reference Number (UPRN).
GDPR bitesize guide
GDPR applies to all UK businesses despite Brexit. To comply you need to know what data you collect from people and justify exactly why you collect it. Our bitesize guide breaks down what you need to do in four parts.