NEW CHALLENGES WITH PROTECTING PERSONAL DATA
The introduction of the EU General Data Protection Regulations (GDPR) on 25 May 2018 represents arguably the most important regulatory change in the Data Protection and Privacy landscape. The challenges faced by organisations in becoming GDPR compliant are exacerbated by the fast-evolving data privacy threat landscape; the increased frequency of data breaches; and Data Subjects increased wisdom on how they can use their new and enhanced rights against unprepared organisations.
Data Protection for the first time has been provided with sharp teeth to ensure Organisations take it seriously with fines ranging up to €20m or 4% of annual turnover for non-compliance. Organisations may also be forced to pay out compensation to individual Data Subjects or groups of Data Subjects who come together to seek collective redress through class actions and which exceed a fine from a Supervisory Authority. Further, the cost of the reputational damage suffered will often be the toughest challenge for an organisation to endure.
Kontex has developed a four-stage methodology to support our clients with the challenge of Data Protection in a rapidly evolving regulatory and technical environment. Our team of trained experts can support your organisation whether you’re seeking to take the early steps in Data Protection Readiness or are seeking to strengthen your existing defences. Our approach will reduce the risk posed to the data you hold while also presenting a defensible methodology to clients and regulators.