When the GDPR comes into force in just over a year, all organisations that process the personally identifiable information of EU residents will be required to abide by a number of provisions or face significant penalties
The Regulation mandates considerably tougher penalties than the Data Protection Acts: breached organisations can expect fines of up to 4% of annual global turnover or €20 million – whichever is greater. Fines of this scale could very easily lead to business insolvency and, in some cases, closure.
Data breaches are commonplace and increase in scale and severity every day. As Verizon’s 2016 Data Breach Investigations Report reaffirms, “no locale, industry or organization is bulletproof when it comes to the compromise of data”, so it is vital that all organisations are aware of their new obligations so that they can prepare accordingly.
If you don’t know what devices you have and what applications and data is stored on them then you need to make plans to find out. Once you have identified where personal data resides and who has accessed you can start to take steps to comply with GDPR and secure your data
With an understanding of your compliance gaps, data inventory and mapping, you will be in a position to assess your personal data risks and develop prioritised remediation plans.
Watch our video to understand more about GDPR. For a free overview of how to start to comply with GDPR, please click here