What is GDPR?
As of 2018, the General Data Protection Regulation (GDPR) states the clear policies and procedures regarding how personal data should be processed and stored securely.
The aim of the agreement is to better manage the online security risk, protect personal data from cyber-attacks, and to minimise the overall impact of attacks.
Who does GDPR affect?
A commonly held disbelief is that GDPR is only enforced on large, multinationals firms, when in fact GDPR affects businesses of all sizes. The new policy has meant many small and medium-sized organisations are still in the process of developing and implementing their data handling policies.
The policy requires you to be able to demonstrate how personal data is handled and protected in your organisation.
GDPR compliance should be understood by the senior teams of your organisations as well as anyone who is handling or gathering data for the company. As the awareness of GDPR continues to grow, it is also likely that your clients may question your policies, making it worthwhile to understand the policy fully.
What are the consequences of non-compliance?
Penalties of breaching the new GDPR regulations have been increased in severity, and fines could be up to 4% of annual global turnover.
To avoid such scandals and fines, it is imperative that every business is GDPR ready. That’s why IT Foundations team of experts have been trained and resultantly developed our GDPR Toolkit.