At a point in time where data protection legislation is about to get stricter, only 43 per cent of businesses store customer data in a dedicated CRM – and it will risk customer experience.
May 2018 will see the implementation of GDPR. This new legislation will change businesses’ legal responsibilities in the management of data – and being legally compliant will help you avoid some hefty fines.
For those looking to implement GDPR ahead of time, here’s a quick round up of the steps you should be looking to take.
We are less than one year away from the EU’s new data protection law, which begs the question of whether businesses are GDPR ready. Sarah Thompson of McGuireWoods summarises where we are now and provides some fast facts.
Now the government has invoked Article 50 and formally started the UK’s withdrawal from the EU single market, SMEs with business concerns are braced for impact.
Legal expert Dan Hyde, partner at Pennington Manches and the founder of CyberCounsel, explains why GDPR compliance is not something that can be ignored by British businesses, just because we’re leaving the EU.
The UK government launched its five year National Cyber Security Strategy in November 2016, investing £1.9bn to protect UK businesses from cyber attacks and make the country the safest place to live and do business online.
It may seem overwhelming, but tackling the EU GDPR strategically and logically will make the task more manageable for businesses.
For the last 20 years, brands have followed consumers around the internet, surfacing spammy retargeting ads for products they already have. This kind of “personalisation” has been driven by a use of browser cookies and mobile IDs – and needs to end. Instead, all hail permission-based marketing.
The IPSA breach saw private and confidential details regarding MPs – including salaries, working patterns and holiday entitlements – exposed to the public. But it wasn’t a criminal conspiracy. It was an accident.
Whilst the GDPR will introduce significant changes to data protection legislation – completely overhauling the current legal framework – many bosses still haven’t given thought as to whether current processes comply with the new law.
Wonga has become the latest company in the data breach hotseat – and many have used the incident to talk about GDPR and cybersecurity.