On 25 May 2018, the General Data Protection Regulation (GDPR) will come into effect in the UK, bringing with it a raft of changes to the law governing data protection. This means that is essential make sure you are up to speed on how it will affect your business.
- Significantly affect the way you 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 is a new legal framework being introduced in all EU member states, including the UK. In the UK, it will replace the Data Protection Act with tighter restrictions on the use of data and tougher penalties for organisations found to be in breach.
The key differences are in how data is stored and used. Companies will be forced to maintain records of ‘consent’, and consumers will be given the right to be ‘forgotten’.
Why does this matter?
The penalties for non-compliance are tough and could potentially be devastating for your business. The Information Commissioner’s Office (ICO) can issue fines of up to four per cent of global turnover, or €20 million, whichever is higher.
Under current rules, the ICO has the power to charge a maximum of £500,000.
Breaching GDPR could be catastrophic for your business. Make sure you act now.
Get up to speed with GDPR by downloading our free guide.
Inside the guide, you will find essential facts, 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 advice on ensuring your business is compliant with the GDPR, contact us today.