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What happens if I do not comply with GDPR?

Simply put – not adhering to GDPR can have devastating consequences for your business. Non-compliance can cost you fines up to 20 million EUR or 4% of your global turnover – whichever is higher. Regardless of the size of your company or the scope of your business you can’t afford not to comply to the GDPR.  

If this does not scare you then let us give you a likely scenario after 25 May. A study by Veritas (http://bit.ly/2KLJ9xu) claims that 40% of EU citizens plan to exercise their right to access the data that companies have on them. Put in practical terms, there is a great chance that previous or present customers or employees will demand that you inform them about the data that you have on them. Not mentioning the imminent threat of huge fines, think of the time it will cost your company to manage these requests. You need not only send the data to persons, but your company needs to find that data quickly to maintain operational efficiency. FYI – you have one month from the request is received to delivery of data. Also, if your company receives many access requests, it may be too big of a task if you do not have procedures in place – which can ultimately lead to a breach. 

 

How to get your company started with GDPR 

To be GDPR compliant, you need to locate all personal data in your company. Simply put: you can’t report on personal data if you don’t know where it is located. This should be your first and highest priority. Divide your compliance process into steps and take it one at a time. The journey is long and daunting, so make it manageable for yourself.

At Safe Online we have created DataMapper to help you find your sensitive data. DataMapper is a service to browse your information using machine learning and artificial intelligence to discover where your personally identifiable information is located. It will scan documents, emails, or attachments each hour and quickly categorize them with up to 98 accuracy.

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    What happens if I do not comply with GDPR?

    Simply put – not adhering to GDPR can have devastating consequences for your business. Non-compliance can cost you fines up to 20 million EUR or 4% of your global turnover – whichever is higher. Regardless of the size of your company or the scope of your business you can’t afford not to comply to the GDPR.  

    If this does not scare you then let us give you a likely scenario after 25 May. A study by Veritas claims that 40% of EU citizens plan to exercise their right to access the data that companies have on them. Put in practical terms, there is a great chance that previous or present customers or employees will demand that you inform them about the data that you have on them. Not mentioning the imminent threat of huge fines, think of the time it will cost your company to manage these requests. You need not only send the data to persons, but your company needs to find that data quickly to maintain operational efficiency. FYI – you have one month from the request is received to delivery of data. Also, if your company receives many access requests, it may be too big of a task if you do not have procedures in place – which can ultimately lead to a breach. 

     

    How to get your company started with GDPR 

    To be GDPR compliant, you need to locate all personal data in your company. Simply put: you can’t report on personal data if you don’t know where it is located. This should be your first and highest priority. Divide your compliance process into steps and take it one at a time. The journey is long and daunting, so make it manageable for yourself.

    At Safe Online we have created DataMapper to help you find your sensitive data. DataMapper is a service to browse your information using machine learning and artificial intelligence to discover where your personally identifiable information is located. It will scan documents, emails, or attachments each-hour and quickly categorize them with up to 98 accuracy.

    Read more about DataMapper here →

    Sebastian Allerelli

    Governance, risk, and compliance specialist