What do I need to know about GDPR? Your questions answered
GDPR is the new Data Protection Law that will affect you and your business. If your business holds personal data, either on paper or online, you need to take action.
But according to a recent survey by Data Compliance Doctors, 39% of businesses haven’t spent any time over the last year planning or preparing for GDPR. The 61% of business who have been preparing are spending an average of 12 hours a week on GDPR planning. Have you got a lot of catching up to do?
What does GDPR stand for?
OK, simple ones first. GDPR stands for General Data Protection Regulation.
What does General Data Protection Regulation mean?
“The General Data Protection Regulation (Regulation (EU) 2016/679) is a regulation by which the European Parliament, the Council of the European Union, and the European Commission intend to strengthen and unify data protection for all individuals within the European Union (EU).” At least, according to Wikipedia, and they’re always spot on, aren’t they!
When will GDPR come into force?
25th May 2018. And there will be no grace period. The new regulations were approved on 14 April 2016, so there will be no excuses for businesses claiming they weren’t ready. You have been warned!
Will GDPR affect my business?
The short answer is yes, as you will need to prove that you comply with the new regulations.
Will the regulations be enforced?
Again, a simple yes. Click this link to take a look at the enforcement of current Data Protection regulations by the Information Commissioner’s Office.
Will it still matter after Brexit?
Yes. Even if this question isn’t totally relevant, as the UK will remain in the EU 29 March 2019, meaning UK companies would have to comply with EU law, and GDPR, for nearly a year! Even after that date, the Data Protection Bill 2017 will uphold many of the rules and regulations, and carry similar punishments, as EU General Data Protection Regulation.
Is it a good thing?
That depends on who you ask! For consumers, it must be seen as a good thing, as companies will be forced by law to take better care of your personal information. For businesses too, we think GDPR will be a good thing – as it has the potential to set new standards for areas such as security, data analysis and many other. Although for many businesses, the most important thing, in the beginning, is not to be caught out!
Will GDPR replace the Data Protection Act?
Do all staff members need specific training?
It is important that every member of your team is aware of the risks associated General Data Protection Regulation and what could happen, to both the organisation and themselves personally, in the event of a breach.
If it’s that easy, why do I need help preparing for GDPR?
Some of the questions are more complicated, and we will leave them to the experts! On 23 March James Tarling, of Ashton’s Legal – a Legal 500 firm – will be providing expert guidance to the business of Colchester about what you and your business need to do to comply. Having been named personally in the Legal 500 2017 region-wide round-up, it’s fair to call James an expert in his field.
If you have hard copy or online files containing the personal data of your customers and clients the new regulations will apply to you.
At Colbea we work with start-ups and SMEs every day, that’s why we’ve teamed up with TechEast and Colchester Borough Council to help Colchester businesses navigate the new regulations in an affordable way.
Tickets for our GDPR event, delivered by TechEast and part-funded by CBC, are available now. Click here to find out more or book