What do you know about GDPR?
In May 2018, a new EU-wide data protection regulation came into force:
The General Data Protection Regulation (GDPR) will affect every organisation in Europe that handles personal data of any kind. It will also affect any company that does business in the EU. The rules are complex and fines for non-compliance are significant (up to €20 million).
The General Data Protection Regulation is a comprehensive reform of the EU’s 1995
data protection regulation, being developed to strengthen and unify online privacy
rights and data protection for individuals within the EU while streamlining the data
protection obligations of businesses.
The new regulation will have a massive impact on businesses in terms of compliance
with stronger enforcement of the rules being adopted; data protection authorities will
be able to fine companies who do not comply with EU rules.
There are many reasons it is good practice and in your best interests to encrypt your data.
For example:
Avoiding monetary penalties
Meeting industry regulations
Achieving legal compliance
Avoiding bad press
Protecting customer data
Protecting financial data
Protecting staff data
Protecting corporate data
Protecting valuable intellectual property
