The General Data Protection Regulation (GDPR) is coming and will transform how businesses operate.
The GDPR will sweep away the EU’s outdated privacy legislation and harmonise how data is processed and handled across the region.
The new regulation will affect every organisation across the globe that wants to do business with an individual or business in the EU.
Reporting data breaches
The responsibility for reporting data breaches is changing. Failure to do so carries huge penalties. Up to €20m or four per cent of annual turnover, whichever is greater. To report a breach, an organisation first needs to understand when it occurred, who and what has been affected, and how to decide what the next steps are.
Data protection by design
Companies will also need to put privacy at the heart of all new applications and processes. Privacy by design will need to be part of the organisation’s mind-set, not just an afterthought. This is a principle that businesses need to be thinking about now, not later.
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