The May 25th is over and all the buzz about getting ready for the GDPR has now gone. The new era of the Data Protection Regulation just started in Europe and the question now is does your business GPDR compliant right now?
In this new era of GDPR, 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 brings more transparency and safety in relation to the use of data, benefiting both the companies and their customers. In the next paragraphs we will explain the main GDPR principles, enforcement and how to deal in case you need to communicate a data breach.
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.
The upcoming of the GDPR – General Data Protection Regulation - in Europe is bringing a new demand in the market. Data Protection Officers – DPO – professionals are suddenly the hottest properties in technology. The specialists are saying that the new regulation is the biggest shake-up of personal data privacy since the birth of the internet.
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.
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