Becoming GDPR Compliant In 2020
GDPR applies to all EU companies, as well as businesses operating outside Europe who process European resident’s data. So, if you run a business from Australia, but sell to the people of France, you’re in GDPR territory. Since its commencement, this set of rules has had a significant impact on the way businesses globally process their customers’ data.
Size and industry dependent, these regulations differ, making for a myriad of confusion when it comes to GDPR compliance. It’s also crucial to remember that, as well as checking your own company’s compliance maintenance and upkeep, you need to be monitoring the companies you deal with too. Moreover, if your company fails to remain GDPR compliant, you’ll run into potential fines and penalties.
Companies Feeling GDPR Heat
These non-compliance forfeits can escalate anywhere up to €20 Million, or 4% of a company’s yearly income, whichever amount is higher.
In a recent case, a Spanish organisation – Vueling – was fined €30,000 for failing to provide a management system or cookie configuration panel allowing users to delete cookies in a granular method.
Moreover, on the very same day that GDPR came into play, French data regulators slammed Google with a €50 Million fine for “lack of transparency, inadequate information and lack of valid consent regarding ads personalisation”. However, the title for heaviest fine to date was awarded to British Airways, at a whopping €202 Million, followed by Marriot at a comparatively demure €109 Million.
Get Yourself GDPR Savvy
In light of these fines, it’s vital to ensure that your company, large or small, is working within compliance guidelines. This infographic from Market Inspector is very useful as an introduction, however if you want to properly understand what you should be doing and how you should be doing, please take a look at either our training courses or our e-learning site. We make learning GDPR easy.
Protect your business and your reputation
If you’re worried about gaps in your security or in failing to comply with complex GDPR regulations, and would prefer us to have a more hands on approach for you, speak to our specialists today. We pride ourselves on saving organisations like yours from these costly fines – Telephone 01673 885533.