The European Commission’s General Data Protection Regulation, 'GDPR' will come into force on 25 May 2018. It heralds some of the most stringent data protection laws in the world. In the era of data monetization, businesses that fail to pay detailed attention to legal compliance and best practice in protecting individual data will struggle to compete commercially. A new microscope has arrived.
The GDPR's scope is not limited to organisations within Europe; it contains far reaching provisions that could catch a number of organisations here in New Zealand. Below, we provide a simple diagrammatic to guide your organisation as to whether it will be caught by the wide net of the GDPR. You can also download a larger, printable copy of the diagram here.
If you answered yes to any of these questions, or would like to talk more about the implications of GDPR on your organisation, we are here to help. Our global team provides assistance on all aspects of privacy compliance, implementing practical risk based solutions that align to the way your business operates, where possible turning privacy compliance into a competitive advantage.
The introduction of GDPR is imminent. The clock is ticking now and non-compliance could mean fines of up to 4% of total worldwide annual turnover .
Organisations caught by GDPR have a great deal to do between now and 25 May 2018 to be ready for the new regime.
If you would like to read more about GDPR, visit our comprehensive online summary here, or download our Explore GDPR app, available on Apple and Android devices. Alternatively, call one of our team to guide you through the changes.