Author Archives: Panayiotis Z. Toulouras LLC

Cyprus rises up the ranks of the world’s strongest passports – 8th.

Cyprus Passport strengthens!

Cyprus has kept its place in the top 10 of the world’s most powerful passports and increased its position from 10th to 8th in the ranking according to the latest Passport Index. This furthers exemplifies the island’s steps towards becoming an economic powerhouse amongst the big players with an impressive rise from 13th in 2017.

The Cyprus passport now provides access to 162 countries vs 157 in 2018 with 8 new countries not requiring visa for access. In total 122 countries do not require a visa for Cyprus passport holders, whilst 40 countries require visa upon arrival with another 36 countries requiring a visa to travel to. 

Cyprus finds itself higher up the rank from other European countries like Romania, Bulgaria, Croatia, Andorra, San Marino and 3 positions higher than Hong Kong.

The U.A.E. is now the leading passport worldwide with access to 175 countries followed by Finland, Luxembourg and Spain.

Panayiotis Z. Toulouras LLC deals with all services in relation to immigration law in Cyprus.

Our areas of work include

  • Citizenship applications
  • Economic Citizenship Program
  • Registration of international companies for the employment of foreign individuals
  • Immigration permits
  • Permanent residence permits
  • Visas

Fines & Warnings issued by the Cyprus Office of the Commissioner for Personal Data

Fines and warnings have already been issued by Cyprus Office of the Commissioner for Personal Data Protection for GDPR breaches to large organizations both public and private.

Warning issued for GDPR breach – Limassol Water Board

Case: Employee of the Limassol Water Board informed the Commissioner that his personal data was processed without prior consent. After investigation, there was evidence showing  infringement concerning the non GDPR compliance of the Limassol Water Board with security measures it has in place.

Penalty: On 19/6/2019, the Commissioner issued a warning to the Limassol Water Board, as the data controller,to comply to GDPR data processing security measures in all its departments and services.

€5,000 fine issued for GDPR breach – Sigma Live Ltd

Case: A complaint was made that Sigma Live ltd publicized and processed personal data without prior consent of the complainant. The complainant was the individual that helped police locate the kidnapper that took two children from a local Larnaca school in 2018, the TV channel had broadcasted his face and naming him as the ‘informant’ without his consent as he had wished to remain anonymous.

Penalty: After investigating, the Commissioner issued a fine of €5,000 for GDPR breach to Sigma Live Ltd for failure to obtain prior consent.

€3,000 fine issued for GDPR breach – B******t Management Ltd

Case: Five separate complaints were made about B******t Management Ltd for violating the GDPR principle of ‘Data Minimization’, which states that processing personal data should be adequate, relevant and limited to what is necessary to in relation to your purpose and nothing more. The company could have reached its purpose with less information being processed.

Penalty: A fine of €3,000 was issued on the 12/4/2019.

Panayiotis Z. Toulouras LLC provides counsel to clients on all the data protection matters and laws in place with the newly established GDPR. For any enquiries or assistance, feel free to contact us at [email protected] or call us directly at +357 24 623 800. For more information visit www.toulouraslaw.com.

GDPR Training – Level 1 presentation

General Data Protection Regulations Presentation

An important aspect of the GDPR is for all employees and staff members to gain a basic understanding of the responsibilities which the new legislation places upon them.

Our specialist team visited the great team at Yoshiro Digital to present the Level 1 GDPR training which gives a detailed presentation on various key points:

  •  Key definitions
  •  Exceptions
  •  Material & Territorial Scope
  •  Guiding principles
  •  Legal Basis
  •  Rights of Individuals
  •  Authority of Supervisory body
  •  Fines & Measures
  •  Employee Guidelines & Checklists

What we can do.

Panayiotis Z. Toulouras LLC provides counsel to clients on all the data protection matters and laws in place with the newly established GDPR. For any enquiries or assistance, feel free to contact us at [email protected] or call us directly at +357 24 623 800. For more information visit www.toulouraslaw.com.

Three new funding programmes for domestic startups & enterprises – Cyprus aims to become startup hub.

Cyprus aims to become startup hub.

The Cyprus Employers and Industrialists Federation presented on the 25th of July the three new funding programs aiming to support the development of innovation by Cypriot enterprises in order to penetrate the global market with their products. Cyprus is strategically planning to become a hub for startups both for Cypriot organizations through the below programmes but also for international startups through the ‘Invest in Cyprus‘ programmes.

The three separate funding programs aim to support start ups and existing enterprises at 3 different stages with the main focus of:

  • Pre-Seed Programme: Creation and Initial development of Startups with international orientation – Max funding per project: €100,000
  • Seed Programme: Development of Internationally Competitive Innovative Products and Services by Startups- Max funding per project: €500,000
  • Innovative Programme: Development and Promotion of Internationally Competitive Innovative Products and Services by Existing Enterprises – Max funding per project: €1,000,000

What we can do.

Our team at Panayiotis Z. Toulouras LLC was present to gather information on all 3 programmes and gain vital insights to help support our clients in their efforts to develop their start ups and promote their services globally. We offer expert legal advice for companies involved in the technology industry. Our services cover the entire spectrum of technology law and practice, for more information visit www.toulouraslaw.com.

 

 

Estate Agency that failed to handle personal data adequately is fined £80,000.

Estate Agency fails to train staff adequately.

A local London estate agency were handed with a fine of £80,000 due to a personal data breach that resulted in thousand’s of customers having their confidential information exposed.

The ICO, the U.K.s data protection authority, gave ‘Life at Parliament View Ltd’ a hefty fine due to a breach that occurred when they sent private details from its server to a partner company with any internet user being able to have full access to data stored between March 2015 and February 2017. The breach means that  personal data like bank statement information, salary data, passport copies, birth dates, residential addresses of both landlords and tenants were all compromised.

It was found that ‘a catalogue of security errors’ had occurred with the company not taking adequate procedures to protect the personal data from unauthorized or unlawful processing. Due to the incident occurring prior to the GDPR being established in May 2018, the fine was set taking into consideration the 1998 Data Protection Act. LPVL failed to train its staff in handling personal data, which left its customers exposed to potential risks of identity fraud.

What we can do.

Panayiotis Z. Toulouras LLC provides counsel to clients on all the data protection matters and laws in place with the newly established GDPR. For any enquiries or assistance, feel free to contact us at [email protected] or call us directly at +357 24 623 800. For more information visit www.toulouraslaw.com.

 

Bulgarian National Revenue Agency could face a fine of up to a €20 mil over major GDPR breach.

Bulgarian Revenue Agency cyber-attack (GDPR Breach).

The Bulgarian National Revenue Agency could face a fine of up to a €20 mil over the recent major breach in their systems which led to a young hacker stealing millions of taxpayers personal and financial data. The fine could be the biggest yet in the Balkans after the establishment of the  EU General Data Protection Regulations (GDPR) in May 2018 which regulate the processing of personal data.

The cyber-attack has given light to Bulgaria’s slack cyber-security standards, as experts that examining the situation, stated that the techniques used were relatively basic and that the lax security systems in place were a major reason for the breach.

The amount that could be set as a fine depends on the number of people that were affected and the amount but also type of information that was leaked. The breach emphasizes the data protection principles of ensuring there is appropriate security for all personal data which includes protection against unlawful and unauthorized processing.

What we can do.

Panayiotis Z. Toulouras LLC provides counsel to clients on all the data protection matters and laws in place with the newly established GDPR. For any enquiries or assistance, feel free to contact us at [email protected] or call us directly at +357 24 623 800. For more information visit www.toulouraslaw.com.