It’s likely that you’ll be informed of the EU’s plans to roll out a new General Data Protection Regulation (GDPR), replacing the existing Data Protection Act. The GDPR will mean more regulations on UK businesses and organisations that process an individuals’ or customers’ personal data, as well as more rights for individuals.
The penalties and fines for failure to comply are substantial, and include:
If your business fails to adhere to ‘Article 5’, by not processing data ’in a manner that ensures appropriate security of the personal data’, then you could be ‘served with the highest possible fine that data protection authorities will be able to issue under the reformed framework.’ More to the point, if, as a data processor, you do not implement proper technical and organisational measures appropriate to the risk of your data, then you could be fined up to €10 Million, or 2% of your global annual turnover. Further fines associate with failure to comply can be up to €20 Million, or 4% of your global annual turnover.
With these, very real penalties in mind, complying with GDPR is something that will simply need to be done. You might’ve been told that you need to ‘act now’ or ‘be prepared’, but what does that mean for the average UK business? What will you have to do and will you have to start? To help you get to grips with the General Data Protection Regulation, and to find out how to save your business time, stress and money in the long run, we’ve put together an informational guide on GDPR, to tell you all about how we can help you to cut costs and time with our secure, GDPR-compliant products at Tech Savvy.
Start Your Preparation Today So You Don’t Have to Worry Tomorrow
Rather than simply providing a broad overview of ‘what to expect’, you’ll finish reading this guide with actionable points and an understanding of our security products that you can start to implement in your business today.
If You’re a UK Business, GDPR Will Affect You
The new General Data Protection Regulation, passed by the EU, will be effective from 25th May 2018, and as the UK will still fall within EU for two years after Article 50 is triggered this will be effecting all UK businesses and organisations. The regulation will mean some investment for businesses, as well as preparation and some ground work, however, it will also ultimately mean that your business is protected from fines and your processes will be streamlined to the EU standards.
Whilst all this may seem scary and imminent, there is no need to worry, at Tech Savvy we have all the products and applications you need to secure your business’ data in time for 2018.
How it Will Work? What You Need to Know
With a focus on centralising data protection methods within the EU, as well as providing people with more authority and control over the use of their personal data, the regulation will categorise UK data-handling businesses as ‘Controllers’ and employees and teams as ‘Processors’. As a ‘controller’ or ‘processor’, your business and employees will have more responsibility regarding personal data law.
UK Businesses Will Be Affected This Way:
As a ‘Controller’, your business will be required to process data lawfully and for a specific intended purpose, whilst ensuring that the process is transparent and honest. This means that your businesses will be expected to act fairly regarding data and that involves respecting customers’ individual rights to personal privacy. By having tools on-board, such as our Savvy Pass password manager, you’ll be able to act more responsibly with data, as well as conveying more transparency to customers, giving them more peace of mind regarding their data.
In the event of a data breach, you’ll have to report all attacks to government bodies within 72 hours or face the fines mentioned previously, as well as the devastating effect and cost of the cyber attack. By using Tech Savvy’s penetration testing tool, you’ll be alerted to any errors, enabling you to pin down any threats and prevent damaging and dangerous situations from happening to your business.
The ‘Right to be Forgotten’
New rights for customers include the ‘right to be forgotten’, which means individuals will now be able to request that any UK business take down published or held data they have captured. Companies holding the data would also have to contact search engines, such as Google, if necessary to remove indexed data or records. Having an efficient back-up system from on onwards will help to make retrieving and tracing down specific data quicker and easier should you need to. Our back-up solutions can help with this, and it is this sort of multi-angled preparation the government is looking for in businesses.
How Can the Average UK Businesses Prepare?
Chances are that if you own a UK business, you’ll handle sensitive and personal customer data. With just over 12 months of preparation time before the regulation becomes active, now is the time to start the process of future-proofing your business for 2018. There are many steps you can take to prepare, starting with having the correct cyber security tools in place.
Savvy Secure - The Secret-Weapon For GDPR
By taking advantage of Savvy Secure, our all-in-one, integrated security and monitoring solution, you’ll have a range of security tools on-hand to put you in a strong position to avoid attacks and disaster surrounding data law:
Savvy Secure Feature: Military Grade Data Encryption Back-up
How it Will Help Prepare For GDPR: Our end-to-end military data encryption scrambles data when it leaves the source, so it cannot be intercepted before back-up. That’s one less risk factor as far as suffering a data breach goes.
Savvy Secure Feature: Savvy Pass
How it Will Help Prepare For GDPR: By locking away passwords in a safe environment using AES 256 encryption and a two-factor authentication system, your information will be secure.
Savvy Secure Feature: Around-the-clock Penetration Testing
How it Will Help Prepare For GDPR: With Around-the-clock Penetration Testing, you’ll find holes in your system before they become a vulnerability for attacks. You will see cost and reputation savings if you can prevent an attack with the right tools.
Savvy Secure Feature: A Fully Compliant Product
How it Will Help Prepare For GDPR: Savvy Secure consists of full-compliant products and tools, which means they can help you reach certifications such as: SOX, PCI DSS, HIPAA, Basel II, MASS Regulation 201 CMR 17. Being compliant sends the right signals to your customers, your employees and more specifically: the GDPR governing boards.