As of 25 May, 2018, the European Commission’s General Data Protection Regulation, or GDPR, will come into effect. This new legislation relates to how personal data is collected and processed by businesses, and it will affect around 508 million EU citizens.
UK companies may assume that with Brexit looming, they’ll be exempt from GDPR. However, this isn’t the case. If you trade with any EU country, you’ll need to follow the rules. So, just how should tech companies implement a GDPR strategy?
Review data policies
Tech companies will need to thoroughly review the way they process and store information, to fulfil the new requirements. This will involve analysing the purpose of data collection so that it has a specific and relevant use for a business.
Tech companies will also need to consider and review how personal data is stored, where it is stored, who else has access to it and what level of protection the data has.
Tech companies will need to become more transparent in the way they handle personal data, including informing users how they will use their data. Making sure that the consent process is 100% clear will be crucial. If a breach or violation of data takes place, tech companies will be obliged to inform relevant authorities within 72 hours, and those affected. A hefty fine will be imposed on businesses that flout this new obligation.
Appoint new hires
The complexity of GDPR and the punishing penalities for non-compliance suggest that tech companies may wish to consider appointing expert staff to ensure correct implementation of a GDPR strategy. This could include recruiting a data protection officer or chief information security officer.
Prepare a data security breach plan
A GDPR strategy should include creating a robust plan in case a breach of data occurs. The more prepared a tech company is for this possible scenario, the better they’ll be able to handle the fallout, limiting any damage and safeguarding their reputation.
It’s clear there’s no room for complacency with the new GDPR legislation, so if you want to know how these changes will affect your business, contact Mango HR for expert advice.