Starting from 25 May 2018 there is going to be a new European regulation that will come into force that effects the way you manage data, and your need to protect the data that you hold. That regulation is General Data Protection Rule (GDPR). It will not only be good enough to take measures about protecting data you hold on paper because in addition there will be technological measures that will also be necessary to comply with the law.
It is with the utmost importance that each organization must present a clear policy to meet the required GDPR standards.
But what’s happening at the mean time (November 2017)?
There’s a tsunami of information and content available, especially when you get to excited asking google for information (own experience). I’ve been bombarded with a tremendous amount of a short terms and abbreviations.
Based on my experiences in the retrieval of this information I can understand that you as a business owner get very “saturated”, and may lose the desired focus on this topic due to the fact that it simply is too much information to process.
Can you as a company who hasn’t started yet meet the demands on the desired date? Maybe a more important question is “which parts need to be done in which order?”, but where do you start? Can you set everything so that you are 100% covered regarding GDPR? The scariest factor is the fines that can easily rise to exorbitant amounts (€20 million). Can you as a company take out insurance to cover this financial risk, what are the conditions?
Are these types of questions top of mind? But is GDPR not just something you need to do as a company? Do we underestimate the urgency by the overwhelming amount of information, is the impact on the time factor underrated? But what’s most relevant to do, and especially who should do what?
The date of May 25, 2018 is a hard set one, and will come faster than we know it. What needs to be done, and by whom? Fortunately, there is a lot of easy tools and information available, which can help you to understand the what, how and when about GDPR.
At QBS we like to give support to our partners to these issues.
Still not a QBS partner? We’ll be happy to get in contact with you!