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31 Oct 2017 | Filed under: GDPR

Is Your Business Ready for GDPR?

Is Your Business Ready for GDPR?

If there is one thing that should be on your to-do list for the coming months, it is making sure your business is ready and compliant with the new EU ruling, the General Data Protection Regulation (GDPR).

Why Is GDPR Needed?

GDPR has been designed to harmonise different laws that protect individuals’ privacy, giving the consumer control and rights over their personal data.

This comes as a result of debates around the ‘right to be forgotten’ and ‘right to data portability’. For example, a customer can ask for their data to be in a machine-readable, commonly used format so that if they wish, it can be shared with other agencies.

There will also be stricter rules around consent, notification of data breaches, an all too common occurrence for small and large businesses, as well as impact assessments and requirements for ‘privacy by design and by default’.

Failure to Comply

This is a serious issue and one that all companies need to be serious about complying with and by the deadline. The fine for non-compliance is huge, with a 4% fine of an annual worldwide turnover or €20 million, whichever is greater.

NOW is the Time

Looking closely at how you store information, what you do to protect consumer details and what you plan should there be a data breach are all part of the process. With nearly half of businesses unaware of the impact of GDPR, now is the time to take a closer look and how it will impact on your business – BEFORE the early 2018 deadline.

If you’d like to discuss GDPR further then contact me and we can talk.

Paul Strachan M. 07793 447961 T. 01307 460667 E. paul.strachan@auditel.co.uk

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