The GDPR (General Data Protection Regulation) has landed
in the EU, and now more than ever, businesses of all shapes and sizes are more
aware and conscientious of how and for what purpose they are collection
However the GDPR does not simply govern the collection of
data, but also the ongoing management of the data. From storage and security,
to retention and disposal, and this has highlighted one very scary prospect;
most EU businesses will collect, process and store far more personal data than
they can handle.
A recent study conducted by Gemalto found that;
65% of organisations can’t analyse or categorize
all the consumer data they store
68% of IT professionals believe their
organizations are failing to carry out all procedures in line with data
Many people have come to think of the GDPR as another
administrative headache, like the Health and Safety regulations – unnecessary paperwork,
yet this could not be further from the truth.
Much like health and safety, it may seem like a tedious
topic and very time consuming, but it is absolutely essential to comply for
· The reality is that the old data protection laws
have been in desperate need of a revamp for some time. Technology has advanced
so quickly in the last 2 decades, that the law could simply not keep up
· Good data management, under the GDPR builds
confidence in all of your business relationships with customers, suppliers, and
even employees. By complying you are effectively saying “you can trust us with
your personal information”
· Fines for non-compliance. We have all seen the
potential of the new fines imposed by the GDPR. Can you afford to not comply?
· Non-compliance can have other disastrous
consequences for the reputation of a company, as we have seen from the media
frenzy surrounding Facebook & Cambridge Analytica, The Carphone Warehouse,
Ticketmaster, and even HMRC!
Our data protection laws have evolved – bringing them up
to date, whilst focusing on the privacy rights of data subjects.
So if you are guilty of GDPR procrastination, then now is
the time to consider how you can manage your daily data responsibilities.