1 in 4 businesses are not prepared for GDPR yet. The clock is ticking and there is no time to waste. Help your customers be compliant in time, so they’re not losing money come May 2018.
The new EU General Data Protection Regulation (GDPR) became law in 2016. The EU has given enterprises 2 years to become compliant. So from the 25th May 2018 if a company is not compliant with the new legislation, it can cost them up to 4% of global turnover or €20 million (whichever is greater). Businesses who don’t have their data in order or fail to notify the authorities for a breach can be fined 2% of their global turnover or €10 million.
GDPR not only applies to organisations located within the EU, but also organisations outside of the EU, if they do business in the EU.
IMPORTANT! The UK government has confirmed that after Brexit most of the GDPR legislation will be taken over to UK law.
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• One set of rules for everyone
GDPR is a regulation, not a directive. Regulations become an immediately enforceable law in all EU countries, while in directives a chosen goal has to be achieved, but it is up to the member states to decide how they reach that objective.
• Fines are higher
• The request of consent must be easily accessible
Written in plain language and it has to be as easy to withdraw consent as it is to give it. This means hidden clauses in Terms & Conditions, silence or inactivity do not mean that that person gave consent.
• Breaches must be reported no later than 72 hours
Once aware, data processors have to make data controllers aware of a breach right away.
• Data subjects have the right to ask for information
On if, when, where and for what purpose their data is processed. They can also ask for a copy of all the personal data a company has of them free of charge.
Did you miss our GDPR conference in July 2017? Not to worry! You can watch Sigma’s GDPR Virtual Conference whenever, wherever.
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Help your customers protect their business from breaches and hacks with the ThreatTrack solutions for Internet, Email and Servers. Protecting every part of the system gives hackers less possibilities to enter the system and extract important customer information, which could cost your customers up to £20million or 4% of their annual global turnover (whichever is greater) under GDPR law.