If you are unsure how this will affect your company, and what you need to do to keep your organisation compliant… check out our quick guide below.
Overview
The GDPR mandates a baseline set of standards for companies that handle EU citizens’ data. It goes into effect May 25th, 2018. Highlights include:
Which organisations does the GDPR apply to?
The purpose of the GDPR is to impose a uniform data security law on all EU members. Even when the UK is no longer an EU member, if your company markets goods or services to EU residents, it is subject to the regulation. As a result, GDPR will have an impact on data protection requirements globally.
What are the requirements?
The GDPR is a large document with 11 chapters and over 90 articles. Below we have listed those we think are most relevant.
What happens if your organisation doesn’t comply?
The Supervisory Authority (SA) holds investigative powers and may issue warnings for non-compliance, perform audits to ensure compliance, require companies to make specified improvements by prescribed deadlines, order data to be erased, and block companies from transferring data to other countries. Data controllers and processors are subject to the SAs’ powers and penalties.
The GDPR also allows SAs to issue larger fines than the Data Protection Directive. Fines are determined based on the circumstances of each case and the SA may choose whether to impose their corrective powers with or without fines. For companies that fail to comply with certain GDPR requirements, fines may be up to 2% or 4% of total global annual turnover or €10m or €20m, whichever is greater.
What to do next?
All organisations, including small to medium-sized companies and large enterprises, must be aware of all GDPR requirements and be prepared to comply by May 2018. By beginning to implement data protection policies and solutions now, companies will be in a much better position to achieve GDPR compliance when it takes effect. For many of these companies, the first step in complying with GDPR is to designate a data protection officer to build a data protection program that meets the GDPR requirements.
About VTSL
VTSL is the leading provider of pure cloud business VoIP telephone systems to medium-sized organisations in the UK and Ireland. As a unified communications company, VTSL can unite all your communications mediums for increased productivity and efficiency. As an established IP phone system provider, VTSL can provide you with flexible working communications – so that employees can work at home, on the road or abroad. For more information about VoIP business phone services, unified communications or flexible working applications, call 0207 078 3200 today or email info@vtsl.net.