If you haven’t heard of GDPR already, you probably will need to get-in-the-know sooner rather than later. In just under two months, the government will be introducing a new data protection law titled ‘GDPR’ to crack down on cyber security.
What Is GDPR?
GDPR is a new EU privacy law that will take effect as of May 25th 2018 replacing the Data Protection Act 1998. Once in place, individuals will be granted the power to have more control over how businesses and organisations obtain, use, store and eliminate their personal data.
Will It Affect My Business?
If you have personal details of any other person, then yes – GDPR will affect your business.
GDPR will affect any organisation, regardless of industry or sector, which holds the personal data of EU citizens. Such data includes an email address, physical address, telephone number, as well as the like of IP addresses, behavioural data, financial information and so on.
But I’m Only A Small Business, I Don’t Need To Worry…
Regardless of the size of the business, GDPR polices ensure all stored data is handled, shared, obtained in a secure manner with the correct permission.
Yes, larger companies will have more data to audit making the process more complex. But the same processes will still need to be implemented by the likes of small businesses and sole traders – on the upside there will most likely be less data, which hopefully means less stress.
Can I Avoid It?
We get it – it’s all a bit overwhelming.
But before you decide to bury your head in the sand, it may be important to learn that any businesses choosing not to comply with GDPR could see themselves with a hefty fine of up to €20 million, or 4% of the businesses annual global turnover.
So it’s probably worth getting clued up now before it’s too late.
What Are Leap Doing To Comply?
What Do I Do Now?
If you are a complete GDPR newbie, no need to panic – official sources such as ICO and IT Governance are great for giving you all the information you need to become GDPR ready.
And for fellow local Cornish businesses and individuals interested in learning more – check out a few of the GDPR events hosted around Cornwall.