Could You Be More GDPR-Ready with Some Course Corrections?
There’s an old saying that goes like this: “The doors of history turn on small hinges.” So do our lives as human beings. So does the longevity of a business.
Those “hinges” are the choices we make—the decisions that direct our destiny. Fortunately, most choices are minor course corrections vs. monumental shifts.
What adjustments or course corrections may be needed in your organization within the context of the General Data Privacy Regulation (GDPR) that becomes effective May 25, 2018?
Do you hold PII data on EU citizens?
To summarize, the GDPR concerns the protection of EU residents’ personally identifiable information (PII). It affects any company globally that holds data of EU citizens. Fines of up to €20 million or 4% of turnover for a data breach can be imposed. And the GDPR mandates the relevant Supervisory Authority be notified of a data breach within 72 hours.
Computer Weekly has warned that UK firms could face £122 billion in fines in 2018, based on the uplift from the existing £500,000 cap on ICO fines that saw firms pay £1.4 billion in 2015.
The GDPR requires that personal data be “processed in a manner that ensures appropriate security… including protection against unauthorized or unlawful processing and against accidental loss, destruction, or damage.”
Read the entire article here, Could You Be More GDPR-Ready with Some Course Corrections?
via the fine folks at Ivanti.