With May 25th not long off now, a lot of companies are asking "what's going to happen to us after that day?". May 25th is the official date when all companies with information on European citizens must comply with the new regulation. The main principle about the General Data Protection Regulation (GDPR), is to protect customers against the misuse of their data by companies. GDPR will bring more transparency and safety for the use of data and this benefit both the companies and their customers.
The cost of the non-compliance with the GDPR is one of the main worries around European businesses right now. After a report showing that over half of the Irish business aren’t ready yet, the concern became a reality and now most of the companies are facing the consequences of not having their staff prepared to deal with the regulation.
According to an Ernest & Young (EY) survey, 54% of Irish businesses surveyed do not know if the consent they hold to use consumers’ personal data is compliant with GDPR or if a process of re-consent is required. It means that they are not ready for the new regulation and risk facing the large fines that come into effect with the GDPR legislation.
The GDPR deadline is fast approaching and a lot of companies still have some work to do in order to be compliant with the new regulations. Recently the GDPR Coalition published the scenarios where GDPR is applicable to facilitate people identify how you and your company need to act.
The General Data Protection Regulation (GDPR) is approaching, not just for European enterprises, but for every company around the world that holds data about European citizens. From May 2018 companies will be penalised heavily if in breach of the new GDPR regulations. But the good news is that Microsoft Office 365 can be an important ally in complying with GDPR. The Office 365 suite can help you secure your IT environment and achieve compliance with enterprise-grade user and administrative controls.
Part of the preparation for the General Data Protection Regulation (GDPR) includes identifying who is responsible for what. As expected from a new regulation there are loads of questions in point of uncertainty. In this article, based on the GDPR coalition content, we will attempt to explain in brief, the main departments affected by the GDPR. We will also advise on what each department should be asking themselves right now.
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