Those of you that haven’t heard of the General Data Protection Regulation (GDPR), raise your hand NOW.
With some 6 months until such a drastic change in privacy regulation, I really hope that you didn’t raise your hand.
There is no organisation that doesn’t handle data, and if you happen to live, work, employ people or conduct business within the European Economic Area (EEA), there is no way around the GDPR.
So, one would think businesses are taking the situation seriously and getting prepared. After all, non-compliance with the GDPR can result in significant fines. But there is a regular stream of news and surveys that tell a story of businesses and business leaders that seem to be very relaxed about the GDPR. Even thinking it doesn’t apply to their organisation!
Here are some of the concerning numbers:
- More than half of Norwegian decision makers believe that the GDPR doesn’t concern them
- The vast majority (66%) of C-level executives aren’t too worried about the financial consequences of getting caught for non-compliance
- In Sweden, one third (34%) of decision makers don’t know what data and where they store it. According to the same study, only 1 in 10 decision makers in Denmark don’t have this overview.
- Only 43% of companies have began implementing a plan for GDPR compliance.
- Not surprisingly, Gartner predicts that only half of companies are compliant on time by 25 May 2018
Despite this relaxed attitude towards the GDPR, it DOES concern everyone. Waiting for the final call to prepare for the new regulation can cost your organisation not only money, but the trust of customers and in the worst case, your reputation.
Are you unsure about what personal data is? The UK Information Commissioner Office has defined that even pseudonymised data can be personal data under certain circumstances.
A good place to start is getting an overview of your data and where it’s stored. To help you get started, we have developed a free tool for mapping your employee data.
Download it here for free.
Download our GDPR Data Audit Tool
- Map your GDPR preparedness and HR data
- Includes 40 common HR data fields, such as name and birthday
- Addresses GDPR requirements, such as access control and consent
- Easy to fill in, helps identify needs for added security
Download our free GDPR Data Audit Tool for HR & IT and get started.