24 August 2017
The countdown is on. On the 25th of May 2018, the EU General Data Protection Regulation (GDPR) comes into force, meaning that if you do business with the EU you need to be prepared. The GDPR is designed to protect individuals’ personal data and simplify the exchange of information for businesses that operate in the EU. So what does this mean for you, and how can you turn the stress of compliance into appealing business benefits in the long run?
Getting GDPR-ready may be keeping many business owners awake at night, but you’ll be pleased to hear that initiatives associated with the process of achieving compliance are set to deliver real benefits to businesses, not least of which is better cybersecurity.
“GDPR is the biggest legal change of the digital age.” Mark Lomas – Cap Gemini.
But the incentives are worth the hassle. Having one set of rules that covers multiple countries rather than trying to work with different laws from various member EU countries will make it easier to comply with privacy rules across the board, making compliance far simpler. It will also mean that data can be centralised and locked down more easily.
So this all means that when data is more strongly secured, thieves can’t get to it, meaning no damaging and costly security breaches, which can only be good for your reputation and business.
With increased cybersecurity comes increased loyalty from customers. A FireEye report published in 2016 in the US, found that 76% of consumers were likely to take their business elsewhere if a company was guilty of negligent data handling. And 75% said they would no longer buy from a company that suffered a data breach following a failure to prioritise cybersecurity.
Cost reduction is another advantage. Over the years, many organisations have created unnecessary copies of digital data that they are paying for to keep and store. These businesses could make significant cost savings by ‘having a clear-out’ of this data, removing extra copies that they no longer need.
Increased business is also likely if you can prove that the products, services or applications you supply fulfil the GDPR principles.
Alongside GDPR compliance, responsible computer recycling is vital, if you want to play your part in reducing potentially health and environmentally-harming e-waste, as well as keeping your data secure. So if your company is one that is committed to the ethical recycling of its obsolete computers and technology products, make sure secure and environmentally friendly computer recycling that adheres to proper recycling regulations is part of your consideration. It’s also important to be aware that companies are now legally obliged to safely dispose of potentially sensitive information in accordance with current security laws and the Data Protection Act of 1998. Be sure only to use a computer recycling company that operates in accordance with, and preferably exceeds all government guidelines such as the WEEE Directive and the Data Protection Act.
If you would like further information about the EU GDPR, please read our White Paper by clicking on the link on the left below. If you would like to read more information from the ICO (Information Commissioner's Office) please click the link on the right below.
If you would like to speak to our Team about the EU GDPR, you can call us on 01925 730033.