News & Views from MyExpensesOnline

GDPR - Too good to be true??

Data Protection regulations are set to undergo the biggest changes we have ever seen, and any company that deals with data (whether in the EU or not) must be compliant before 25th May 2018.


Gartner, Data & Analytics research found that by the end of 2018, over 50% of companies affected by the GDPR will not be in full compliance with its requirements. Not only that but the Information Commissioners Office have warned that fines for non-compliance can be anywhere up to €20million or 4% of Annual Turnover.


Whereas many companies are aware a change is coming, they are not necessarily aware of its implications, not only before the 25th May, but also the ongoing responsibilities and requirements to comply with GDPR.


There are numerous recommendations out there as to policies that each business will need to have in place, dependant on the data they process, but what happens after the policies are written? How can companies manage their daily data responsibilities, whilst ensuring that they are maintaining records of accountability?


In fact, Article 30 of the GDPR regulation states that


“Each controller and, where applicable, the controller's representative, shall maintain a record of processing activities under its responsibility.”


For SME’s this could be a daunting and seemingly impossible task. Records of accountability are essential to ensure 100% compliance, but here at MEO we believe there could be a much easier and simpler way to manage daily data responsibilities. We believe in a solution which will integrate GDPR compliant data management into all your working processes, without any of the stress!


It might seem too good to be true… but our Developers are working tirelessly to perfect a daily data management solution which will make GDPR compliance effortless.


Keep an eye out for our new 2018 product launch…