GDPR is coming, are you ready?
could be fined 20€ million
On 25 May 2018, Europe’s data protection rules will experience the biggest change it has undergone in 20 years!
In a nutshell, the new GDPR (General Data Protection Regulation) rules will affect the way that we all do business. Data will need to be processed fairly and lawfully, it will need to be kept secure and the data we hold will need to be accurate and up-to-date.
Other key points to consider are:
› Informing people when collecting their personal data and getting their consent
› Carrying out data protection impact assessments when doing something new
› Destroying data securely when you no longer need it
› For some infringements there could be a maximum fine of €20 million or 4% of the global annual turnover of a business (whichever is greater)