HM Network Ltd have taken the initiative following interest from a number of councils, chambers of commerce and ERDF supported growth programmes, to set up a number of awareness events with a simple aim – to help share knowledge on how the current Data Protection Act will be replaced with the General Data Protection Regulation (GDPR) as of 25th May 2018. That’s just over a year away. They recently held an event at Cotton Court highlighing what business need to do in order to keep up with the new regulations! Below is just a sample of what was covered! To find out more visit their website here!
This will affect all businesses that hold any type of personal customer/staff data that can be traced back to an individual whether B2B or B2C. Whether you market to customers or simply hold staff records this will affect you in some way. No market sector is outside the scope – some sectors are even classed as ‘sensitive’. So where do you sit?
Financial consequences are potentially huge. Data Breaches could result in fines of €10M / 2% of Global turnover or, for serious breaches, €20M / 4% of Global turnover whichever is higher. Whether you run a marketing company, store customer data on a loyalty card, have XLS spreadsheets of names and addresses it WILL affect you. Regardless of Brexit these fines the UK ICO will enforce this as GDPR standards will become part of UK Law.
Some of your B2B or B2C partners may not be able to do business with you if you are non-compliant and lastly the reputational effect to customers of not treating the protection of data privacy seriously means steps must be taken.
So, your questions to ask are:
● What to prepare and understand your current situation?
● Do I need a Data Protection Officer (DPO)?
● How to ensure your business becomes and stays compliant?
● Could a malicious competitor of ours use GDPR against us?
● Do we have the knowledge and resources internally? If not
● Who can help providing advice throughout the process?
Expertise coming to You!
HM Network have made more plans to arrange some awareness sessions, with help and advice from specialists in a number of fields including:
- Data Connectivity and digital marketing
- The legal implications of data privacy and GDPR (solicitor)
- Cyber security advice (serious crime squad / cyber security specialist)
- Data Protection Audit Services, GDPR processes and advice
- Data Disposal / Hardware recycling advice
Get a head start by downloading this free 12 steps guide provided by the ICO