What is GDPR and is your business ready?
The General Data Protection Regulation (GDPR) will come into force on the 25th of May 2018. This will replace the current Data Protection Act 1998 (DPA) as the main data protection framework.
The act will introduce a widespread change to data privacy regulations in Ireland. It is being implemented to encourage further transparency, security, and accountability by data controllers and processors. The act will also strengthen data privacy for citizens.
But what does this mean for your business?
Well according to Helen Dixon, the Irish Data Protection Commissioner,
“The GDPR is big news because it can’t be business as usual for any type of company or public-sector body”.
With changes being ‘far-reaching’ and compliance not to be at all ‘underestimated’.
To ensure this compliance the GDPR act has brought in new measures that businesses should look out for:
Increase in Penalties:
Under the new GDPR act increased penalties will be introduced. Failure to comply will see fines of up to 20 million or 4% of annual global turnover depending on which is higher.
With the new GDPR act, it will be illegal to not have a formal contract or a Service Level Agreement (SLA) in place with your Data Processor or I.T. Recycling Partner.
Finally, under the GDPR it will also be illegal to choose an IT recycling partner or Data Processor who doesn’t hold the minimum competencies and accreditations for IT asset disposal.
How do you, as a business, prevent these fines and new laws from affecting you?
Luckily, we’ve created a list of steps to help you and your school prepare for these new laws.
If you still have questions on the new GDPR act more information can be found on the Data Protection Commissioner website. You can contact our sales team at (01) 500 9001 or fill out the contact sheet below.