What is the GDPR?
On the 25th of May 2018 data breaches will no longer be subject to a maximum £500k anonymous fine. This is because a new piece of legislation, the GDPR, will be coming into force. If you and your business have not heard of this, or are not putting steps towards becoming compliant, now is the time to take action and here is why….
- Fines of up to €20 million or 4% of global turnover (whichever is highest) can be issued to non-compliant organisations
- Any business that stores ANY persons personal data (so B2B are included for HR reasons) are required to display due diligence of how they process, manage and store this data
- Brexit does not affect this because the legislation has already been passed!
- Principles are similar to the Data Protection Act 1998 (DPA) however, there will be more detailed requirements surrounding accountability & processing