Most companies are not prepared for the EU’s General Data Protection Regulation (GDPR). Despite being in the process of leaving the European Union, it has been confirmed that the UK will still need to follow EU data protection rules. Companies need to be prepared for when the changes take place on 25th May 2018.
The hot topic at the moment is the General Data Protection Regulation (GDPR). Currently in a transition period, there are plans to apply the act in just over a year’s time.
In many ways, data collection and storage has evolved more quickly than legislation has been able to keep up with. Data breaches are a growing crime, and one that pays little respect to international borders. It is therefore clear that there is a need for a more modern, unified strategy.
What are the Requirements of the EU GDPR?
While it is important to read and understand it fully, there are perhaps three key targets that are achievable:
- Adequate record classification
- Marking stored data to keep processing to a minimum
- A suitable process for erasing and correcting personal data
Words such as ‘harmonisation’ and ‘compliance’ appear regularly in the document, with an emphasis on standardising data protection. This is so that it does not differ wildly from one nation, or even one organisation, to the next.
GDPR – Be Prepared
Are companies prepared? Worryingly, it would appear not. A recent survey by Osterman Research showed that for all three of the aforementioned key requirements, 73% of organisations are not confident they can meet them. With the deadline looming, it is somewhat alarming that just over a quarter of companies feel ready for the act.
Fortunately, thanks to the two year window between the adoption and application of the regulation, it is not too late. Companies, however, need to act now to make sure that they are treating data security responsibly. Failure to comply could deal them with fines of up to 4% of their annual turnover – more than enough reason to take this regulation seriously!
At Ten Ten Systems, we are keen to do all we can to help our clients through the challenging, yet important demands of the GDPR. Our friendly team of experts can offer advice and take any actions that might be necessary for you to meet the EU requirements.
If you have any questions or concerns about the General Data Protection Regulation, get in touch, or visit our Chester office.
Or read our whitepaper, giving useful information on the key principles of the Regulations along with a Step-by-Step Guide to becoming compliant.
To download the whitepaper, please click here.