GDPR – it’s the acronym on the mind of anyone working in IT, HR, marketing, legal and compliance teams at the moment.
But what about the decision makers and key people in your organisation – are they aware that the law is changing? They need to understand the new obligations and their likely impact. Have they reviewed risk registers and identified areas that could cause compliance problems under the GDPR?
GDPR stands for the General Data Protection Regulation, new legislation that makes sweeping changes to data protection requirements. It will have an immediate impact when it becomes law on 25 May 2018, by which time any organisation processing personal data must be compliant – irrespective of Brexit.
The regulation extends the data rights of individuals and requires organisations to implement stringent policies and procedures to protect personal data. It will impose eye-watering fines for non-compliance – up to €20 million or 4% of annual global turnover, whichever is greater.
The May 2018 deadline for compliance may seem a long way off, but taking the time now to assess your data practices will reap rewards further down the line. The GDPR rules are non-negotiable, so co-operation across your organisation over the coming months will be critical to prepare for the new regime.
Implementing the GDPR could have significant resource implications, especially for larger and more complex organisations, so don’t leave it until the last minute! Speak to us about getting GDPR ready. We’ll get you started on the journey to GDPR compliance quickly and easily.
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