How to address the major GDPR implications? Our key guidelines
The General Data Protection Regulation (GDPR), which comes into force on 25th May 2018, will significantly change the way organisations operate and deal with data. Non-compliance could lead to significant financial penalties of up to 4% of global annual turnover. This is critical when one considers that current legacy security systems and data handling practices are both a non-compliance and a cyber security risk for most organisations. Proactive organisations are already taking measures to re-evaluate and transform their data protection and privacy agenda to prepare for GDPR compliance. In this insight, we identify the major GDPR implications and provide key guidelines to achieve compliance.
Implications of GDPR
GDPR applies to organisations/ businesses of all sizes and sectors and to business activities established within the EU or even outside the EU (if trading with the EU). The GDPR implications with significant impact include…