Skip to main content

Posts

Showing posts from February, 2018

GDPR - It's Now or Never?

The General Data Protection Regulation (GDPR) is a European Union privacy law which will establish a global standard for both the collection and use of data online. It will ensure that all personal data has to be managed in a safe and secure way, has to be gathered lawfully, is only used for the purposes for which it was collected, and must be accurate and up to date. When the law comes into force in May this year, companies doing business in the 28-member states will have to accommodate rigorous opt-in, privacy and data transparency policies or face fines of up to 4% of their total revenues.
The problem for business with any regulation coming from Europe has always been a compliance burden which many smaller companies struggle to achieve. In a climate of increasing information risk; an area in which I specialise, businesses know that they have a better than 60% chance of a data breach, as high as 80% in some geographies, given the sophistication of the powerful criminal hacking tool…