GDPR comes into effect on Friday 25th May. It will impact any organisation that handles personal information linked to EU residents.
The General Data Protection Regulation (GDPR) is complex and it looks like firms are still struggling to understand what it means for them. Even at this late stage. So, how well do you understand the new law?
The BBC have put together a simple quiz to test your knowledge on the legislation which you can find here.
According to statistics, three-quarters of business apps lack the ability to guarantee compliance under GDPR. 75% of the tracked apps failing personal data protection requirements, such as deleting data within a reasonable time.
Since the new regulation places greater emphasis on accountability and governance, companies will be expected to enforce measures to make sure these principles are adhered to. From documenting all decisions involved in their data processing to ensuring they have best practice tools.
What’s more, businesses will be required to have a detailed record of the consent given by individuals for their personal data to be stored and used. They must also permanently erase any data should the person withdraw their consent. Going forward, this means that once the new regulations are in place, companies will need to consider any new products or processes they introduce.
A privacy audit of the network is the best way to asses the way the new GDPR regulations will affect your business activities. It will provide a review of the data you have collected, how it’s being used, where it’s stored and the best ways to protect it from breaches.
The implementation date for GDPR regulations is drawing closer and the costly risks of being unprepared is rising to £20,000,000. CSG believe it is key to discuss proactive approaches with our clients. We use a combination of industry-leading tools designed to provide extremely high levels of protection for their client files, data, and systems.
Speak to us today to secure your audit on 0330 400 5465 or alternatively e-mail email@example.com