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What's it all about?
What's it all about?
Every business that holds private, personal data have little time to implement and action GDPR compliance.
Every business that holds private, personal data have little time to implement and action GDPR compliance.
We can show you how to plan and comply with GDPR so you can get on with running your business.
What should you do now? Well, the ICAEW Institute of chartered accountants England and Wales suggests:
"As a start, you must evaluate whether your existing practices and procedures meet GDPR standards and then plan how you will address any shortcomings. This must be done in relation to any personal data you process or hold, whether on behalf of clients or your business. As a minimum, contract clauses on the sharing of data with others should be reviewed to check for compliance with the GDPR."
Background
After four years of preparation and debate the GDPR was finally approved by the EU Parliament on 14 April 2016. It will enter into force 20 days after its publication in the EU Official Journal and will be directly application in all members states two years after this date. Enforcement date: 25 May 2018 - at which time those organisations in non-compliance will face heavy fines.
In response to a question on Brexit at the select committee meeting, Karen Bradley, secretary of state for culture, media and sport, said: “We will be members of the EU in 2018 and therefore it would be expected and quite normal for us to opt into the GDPR and then look later at how best we might be able to help British business with data protection while maintaining high levels of protection for members of the public.”
As Computer Weekly has reported previously, UK businesses could face up to £122 Billion in penalties for data breaches when the new EU legislation comes into effect.
Writing for Computer Weekly in June 2016, Yves Le Roux, co-chair of the (ISC) Emea Advisory Council and technology strategist for CA Technologies, said 79% of Britain’s medium and large companies are unsure about their compliance, and many do not understand how the burden of compliance will be divided up.
PwC reported in its 2015 Information Security Breaches Survey that 90% of large companies have suffered a data breach over the last year with 74% of SMEs suffering the same fate. In addition IBM and Ponemon Institute recorded in their 2015 Cost of Data Breach Study the average loss of a data breach was $3.79m. The Online Trust Alliance discovered that 90% of data breaches could have been prevented using critical security best practices as 29% were the result of employee error (intentional or accidental) due to a deficiency in internal controls.
The Institute of Directors (IoD) stated in March 2017: "The new General Data Protection Regulation, which comes into effect in next May, will make companies much more accountable for their customers’ data. The IoD and Barclays are urging business leaders to step up their preparations now."
"This isn’t an IT issue, it’s a business survival issue."
Key Facts
- You don't get a choice, you have to comply if you process private, personal data.
- Fines are the higher of up to 4% of your turnover or up to €20,000,000.
- Businesses generally don't know how to make a start.
- You have only 13 months left to be compliant, and there is a lot to do and understand.
- You should be implementing strategies not because of legislation but because it's the right thing to do, to protect your business.
Take a test to see how it could affect your business
- https://ico.org.uk/for-organisations/improve-your-practices/data-protection-self-assessment-toolkit/
- This self assessment test will show you potential areas for improvement and areas of non compliance.
- It's just a guide but will start to give you an understanding of the areas to cover.
How can we prepare you?
- We can bring you up to speed on GDPR
- Use Risk Management Techniques and help you to understand your risks
- Show you a simple workflow to start covering the basics and move to compliance
- Train your team to be effective
- Take the strain so that you can concentrate on your business
What should you to do next?
- Contact us and we will be happy to point you in the right direction
- We can improve you understanding of your business responsibilities
- Give you all the training you will need, and define a plan of action for you
- Hold your hands along the way and support your project to conclusion
- Save you time and effort so you can focus on your business
Contact Us
Margareta Zaveri MSc Bus, CIRM - Kantarell Limited
+44 7852 175866 - WhatsApp, Message & Call
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