The upcoming General Data Protection Regulation [GDPR] comes in to force in May 2018, and it’s being touted as a very hot topic across a variety of groups, market sectors and service vendors.
With a slightly cautious and critical eye, what does it mean?
In short – if you collect, hold or process data relating to any EU citizen, you’ve got to think about the GDPR. For a very quick “formal introduction” here’s a good reference.
But what does GDPR actually mean for the very broad array of companies, organisations, groups, charities, etc. that are likely to be impacted?
- If you already have a pretty good data-protection policy in place, perhaps not a lot.
- There is a good chance that unless you suffer a serious and public data breach, the steely eye of regulation may never fix on you.
However – that isn’t to say it can safely be ignored.
A potential fine of €20m or 4% of last year’s global turnover (whichever is the greater) should be worth more than a cursory glance and possible mention at a board meeting.
Although “GDPR Readiness” means different things to different organisations, there are fundamental basics which need to be considered by everyone that is likely to be affected by the new regulation. Read our Infographic on GDPR to get an overview of these considerations.
At Yerra, we help our clients to reduce complexity and establish practical steps towards an effective GDPR program. Our approach is to identify and draw together the relevant parts of the organisation, enabling a structured and consistent approach, or a GDPR “analysis framework”. Our goal is help you simplify your approach to compliance with GDPR and find the right balance between mitigating risk and running your business.
CLICK THE IMAGE BELOW TO DOWNLOAD OUR GDPR INFOGRAPHIC