It’s been a few months since the General Data Protection Regulation (GDPR) was foisted onto businesses and, as expected, it has caused quite a stir. Businesses have been inundated with data requests from customers and many are struggling to keep up. It’s only a matter of time before the Information Commissioners Office (ICO) starts issuing fines for non-compliance.
The new GDPR regulations have been coming for a long time but, predictably, businesses have faced a difficult few weeks as the deadline drew nearer. Many were ill-prepared and ill-informed regarding how to ensure they were compliant. GDPR is primarily concerned with privacy so businesses need to have policies and procedures in place that ensure the security of the data they hold.
Consumers are being given never before seen digital rights. They must also consent to the use of their data and request access to the data held on them. The fines for non-compliance are considerable (up to 4% of turnover or €20 million). These steps will set you on the right track towards ensuring compliance.
The General Data Protection Regulation (GDPR) is going to put individuals in charge of their data and give them power to decide when companies can use their data. In this blog we look at this in more detail here (link to - How can companies prepare efficiently for GDPR).
Last April, the European Parliament adopted the General Data Protection Regulation (GDPR). It carries provisions that require businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states.