General Data Protection Regulation

IS YOUR BUSINESS GDPR COMPLIANT?

The new General Data Protection Regulations (GDPR) come into place in May 2018, you need to start preparing now as time is fast running out.

  •  General Data Protection Regulation

  •  General Data Protection Regulation

  •  General Data Protection Regulation

  • The new General Data Protection Regulations (GDPR) come into place in May 2018, you need to start preparing now as time is fast running out.

    Changes to the management and responsibilities of data retention will have far-reaching consequences for businesses, GDPR will determine how it manages, protects and administers data in the future.

    Europe has a excess of mismatch data protection rules in each EU country. Organisations have to deal with many different sets of rules depending on where they setup their business and sell their products or services. The GDPR will harmonise data protection laws across the EU and will also apply to organisations across the world. Any company that processes personal data about EU citizens whether they reside in the EU or elsewhere in the world will need to abide by the GDPR.

    European companies are still struggling with how they are going to be compliant with the law in less than a year. Companies from other parts of the world may not have even heard of the GDPR, and therefore might not be aware of the possible impact upon them. As citizens from EU countries do business and exchange data with companies across the globe, the GDPR is something that international companies outside the EU need to be aware of and should be planning for. Failing to do this could seriously hinder their ability to market and sell their products and services in the EU.
    It is crucial that organisations are compliant with GDPR if they wish to offer goods and services to EU nationals.

    The GDPR represents a shift across the world towards a culture of safeguarding personal data, especially considering the global reach of the legislation.

    As the clock is ticking companies should be working towards compliance in a structured manner including:

    • rolling out GDPR awareness across the business;

    • data mapping all personal data flows in and out of the organisation;

    • creating an information asset register;

    • undertaking analysis of intended procedures for the GDPR compliance requirements, including consent notices, privacy impact assessments and contractual arrangements with 3rd parties with whom personal data is shared.

    This will form part of the foundations to determining how much further work is required for the business to be compliant by Spring 2018. Many businesses will require significant changes to policies, procedures and working practices. Smaller businesses which collect process and store limited personal data may be less affected but may still need to make some changes to comply with the new legislation.

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