The General Data Protection Regulation (GDPR) will come into force on the 25th of May 2018. No matter the size of your business, all organisations that handle and process personal data will need to be compliant. The legislation is designed to “harmonise” data privacy laws across Europe as well as give greater protection and rights to individuals.
This is the biggest change to data protection law in the last 20 years. As the world of technology is moving at a rapid pace, the law needs to be updated in line with the changes. People are sharing their personal data on a daily basis with businesses and the GDPR is being brought in to ensure that the data being collected is used and stored in the correct way.
This has focused minds as the Information Commissioner’s Office (ICO) has issued guidance on the steps needed in order to be compliant and provided information about the fines that can be imposed for businesses that breach the new law. Fines can be up to 4 times a business’s annual turnover. A claim for damages could also be brought against a business for non-compliance. Consequently, it can have an enormous effect not just with a huge fine but also undermine a business’s reputation as it could lead to a loss of trust from existing and potential customers.
Here at Tolhurst Fisher we are offering advice and support to enable businesses to become compliant with the GDPR. We are able to offer a range of services to cater to your business needs and help to ensure you are compliant with the 25th of May deadline in mind.
Contact Craig Kelly on 01702 352 511 or firstname.lastname@example.org