In May 2018, the General Data Protection Regulation (GDPR) will become law for all EU member states – including the UK. That’s why it is essential to find out how GDPR will affect your business.
GDPR will:
- Significantly affect the way you can collect data
- Increase the number of resources you must dedicate to data protection
- Require employees to undertake extensive cybersecurity training
- Limit the way you can contact your customers via electronic communications
What is GDPR?
GDPR, or the General Data Protection Regulation, is a new legal framework being introduced for all EU member states in May 2018. It will replace the existing UK Data Protection Act (DPA) with tighter laws and tougher penalties for organisations who fail to comply.
The key differences are found in how data is stored and used. Companies will be forced to maintain records of ‘consent’, and consumers will be gifted the right to be ‘forgotten’.
Why does it matter?
The penalties for non-compliance are tough. Really tough. The Information Commissioner’s Office (ICO) can issue fines of up to four per cent of global turnover, or €20 million, whichever is higher.
Comparatively, under current rules, the ICO has the power to charge a maximum of £500,000.
Breaching GDPR could be catastrophic to your business. Make sure you act now.
Get you free copy of our GDPR guide
Get up to speed with GDPR by downloading our free guide.
Inside the guide, you will find essential facts and must-knows, including:
- What you should be doing right now to prepare for GDPR
- The ICO checklist for consent
- The penalties, in depth
- How to report a data breach
- GDPR DOs and DON’Ts
For help and advice on all aspects of GDPR compliance, speak to the team at CHC.