The General Data Protection Regulation (GDPR) comes into affect in May next year and will effect all companies doing business in the EU, including the UK. Attunity is hosting a webinar on how its tools can help you comply on 7 November at 8pm AEST / 10 am Central European Time.
The GDPR is a regulation by which the European Parliament, the Council of the European Union and the European Commission intend to strengthen and unify data protection for all individuals within the European Union. It also addresses the export of personal data outside the EU. The GDPR aims primarily to give control back to citizens and residents over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU. When the GDPR takes effect, it will replace the data protection directive of 1995.
As The Telegraph points out, “understanding the key elements; auditing current data protection measures at your organisation; documenting all the information you have; and ensuring all your data collection and procedures are GDPR-compliant, will be a lengthy process for any medium or large enterprise. Smaller businesses may be concerned about their ability to cope with such a complex task; in which case, now is the time to seek out a third-party expert – such as a security firm, a current trusted partner or a consultancy – to help with the workload.
Firms will also need to ensure their security alert systems are equipped to spot and react to any break-ins quickly because, under the GDPR, data breaches will have to be reported within 72 hours. To keep up with all these extra requirements, businesses will also need to appoint a data protection officer, who is responsible for the way they handle and process personal data.
And why is this all so important? Because failure to comply with the new law can lead to a fine of up to €20m or 4pc of global annual turnover, whichever is greater.”
Note turnover, not profit.
Click the following link for more information and to register for the webinar: