How will GDPR impact SME’s
We work with a diverse range of SMEs spanning a wide variety of sectors. One thing we’re hearing from all our clients is ‘How will the GDPR impact our business?” We have therefore decided to compile some keynotes for you to consider ahead of the GDPR (General Data Protection Regulation).
It’s important to note that the GDPR comes into effect on 25th May 2018. 100% compliance is expected by this date. There is no avoiding this new data privacy law, so preparation is key!
Firstly it is important to assign or hire a dedicated Data Protection Officer who must be trained or qualified to understand your organisation’s responsibilities in relation to the GDPR.
Once the GDPR has come into effect, it’s important to be aware that data breaches must be notified to the ICO (Information Commissioners Office) and the victims within 72 hours, preferably 24 hours. You must ensure that your staff understand the process that must be followed in the event of data breach.
Your business must also be aware of the new standards of ‘consent’. The user, under the rules of the GDPR, must explicitly give consent – an option to ‘opt out’ will no longer be acceptable. Your systems may need to be adapted to make this change.
Failure to comply with the new rules set out in the GDPR will result in tough penalties. Fines of up to 4 percent of the company’s annual global turnover or up to 20million Euros can be applied if your business is found guilty of non-compliance. These are risks that can be avoided with the right preparation and guidance.
In support of our clients and due to our own business operations we are fully versed on GDPR’s requirements. We are therefore able to provide knowledgeable advice and practical solutions to help your business prepare for this change in legislation.
Understanding the IT infrastructure and potential software and hardware changes your business may require is a minefield for many at this time. We’re able to offer strategic solutions to prepare and protect your organisation ahead of this huge shift in data protection law.
Please contact the team at ARC Systems now to find out more…