The emergence of the General Data Protection Regulation (GDPR) has generated a similar level of frenzy to Y2K. Are you ready?
Remember Y2K? All the hype and the hyperventilating? We do. But then, we’ve been around for a quite a while. In the end, the big event was a non-event. The world didn’t stop turning and our computers didn’t stop working. Was that because it wasn’t a problem to begin with? Or, was it that the massive effort made by businesses to get ready actually worked? Perhaps preparedness paid off. Now there’s a thought.
Why are we reflecting now on the turn of the century? Because the emergence of the General Data Protection Regulation (GDPR) has generated a similar level of frenzy. The market is awash with pre-packaged assessment services that will tell you what we suspect you already know – that you’re not ready for GDPR. It’s full of dire predictions and, to be fair, not without cause – you could be fined a whopping 4% of your annual global turnover for failing to comply. The voices of doom would also have you believe that by engaging their services they can render you compliant – they can’t, only you can do that. GDPR is about change. It’s about real change. And that’s where we come in.
To quote the American author William Dean Howells “It is the still, small voice that the soul heeds, not the deafening blasts of doom”.
Over the next few weeks we’ll use our ‘small voice’ to blog about what GDPR is, what it means and what it means for your business.
Let’s start with what GDPR is
The GDPR regulation comes into force on 25th May 2018. It’s nothing more than an extension of existing Data Protection rules, but it has colossally complicated implications and severe penalties for the ill prepared or uniformed. The Regulation gives control of personal data back to the person (data subject) and places accountability on businesses to govern, secure and protect that data and to use it only in accordance with the explicit permissions given by the data subject.
GDPR places trust at the heart of every relationship that every organisation has with everyone it does business with – every customer, every employee, every supplier. GDPR impacts every part of every organisation from the Reception to the Board Room. In the scale of business change, this one is significant.
In my next blog, I’ll talk about trust and what it means in the context of GDPR.
If you’d like to talk to us about your preparedness for GDPR or about the changes you’ll need to implement in your business to deliver compliance call us on: 01477 544462 or email: firstname.lastname@example.org