The new General Data Protection Regulation (GDPR) is the biggest shake-up in data protection laws in a generation and will affect organisations worldwide.
Some industries are more used to following regulatory compliance than others – but GDPR will affect everyone.
Cyber-crime is continuing to increase at an exponential rate, meaning more businesses are likely to fall victim to a data breach, which could lead to serious consequences.
Results from the latest Zurich SME Risk Index revealed that almost one in six SMEs have fallen victim to a cyber-attack in the last 12 months, equating to more than 875,000 nationwide. Businesses in London are the worst affected with almost a quarter (23%) reporting that they have suffered a breach within this period.
In the past, many companies quietly swept cyber-crime related data breaches under the carpet. But under GDPR, if there is a data breach, organisations will have to inform the regulators “without undue delay and, where feasible, not later than 72 hours after becoming aware of it”.
As we’re sure you are aware, failure to comply will come with fines which could be up to 4% of an organisation’s annual turnover.
So, what can you do?
Implement a robust cyber security plan to reduce the risk of an attack. In addition, it’s essential to train staff to look out for suspicious activity and signs of identity theft.
GDPR Summit London follows on from 3 ‘sold-out’ conferences so far in 2017 and has been designed to provide delegates with an introduction to GDPR and a ‘roadmap’ to compliance.
Visit the website for more details.
Join our free-to-attend digital event, Last Thursday in Privacy, addressing data protection, privacy and security challenges including working from home, COVID-19, global regulations and more. Visit https://digital.privsec.info/.
We have been awarded the number 1 GDPR Blog in 2019 by Feedspot.