Time is starting to run out for businesses to implement a strategy to comply with GDPR.
It’s by no means too late – but it is imperative for organisations to understand the complexities of the regulation sooner rather than later, allowing them enough time to roll out a compliance strategy, and for each department to comply with the new regulations.
Groups including the CBI and the Federation of Small Businesses say UK companies are waking up to the new compliance rules but too many are still unaware of GDPR or have not fully grasped its implications.
One of the main talking points regarding the regulation is the fines, as reported in The Financial Times this week was that the fines will sky rocket under GDPR and in some cases, companies risk being fined up to 4% of their annual turnover.
Although the ICO have said they do not want scaremongering and that fines will be a last resort, businesses will still have to spend time getting GDPR ready. In particular, businesses that process large amounts of data may require a major overhaul of their data processes.
In a recent YouGov study, it found that only 3 in every 10 UK businesses have started preparing for the GDPR. After the recent publicity of the law in the news, hopefully, more businesses will have become aware of the regulation and start to work on getting GDPR ready.
The GDPR Summit London is a conference dedicated to preparing businesses for the upcoming regulation change.
Attending the GDPR Summit London will give your organisation access to the necessary information and tools in order to comply.
For a limited time, we are offering £100 off your ticket with our advanced rate. Be warned – this offer expires on Monday, so book today to avoid missing out!
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.
Privacy Culture: Data Privacy and Information Security Consulting, Culture & Behaviour, Training, and GDPR maturity, covered. https://www.privacyculture.com/