Data breaches are increasingly frequent and according to research from Experian Consumer Services, UK businesses appear acutely underprepared when it comes to the aftermath. Are you ready for the introduction of the General Data Protection Regulation (GDPR)? You can prevent your data from falling into the wrong hands and avoid the resulting crisis by using a supplier such as Secure IT Disposals.
We are now moving closer to GDPR, new EU Data Protection Directive. It's been three years since the overhaul to the data protection act in Europe was first anounced by the European commission and UK businesses have been advised to prepare for the new regime or risk far greater data breach fines of up to 5% of global annual turnover which could be millions or even billions of pounds.
At Secure IT Disposals, we deal with end of life cycle solutions and unwanted IT assets, so by using us as your disposal supplier you can rest assured that your data will be securely and thoroughly destroyed, eliminating the risk of a breach.
Most business owners would agree that a fine of this size would be crippling. Even if they could take the financial hit, softened by insurance payouts, the damage to reputation, brand identity and loss of future business would be a blow. Security and Risk Management Consultants can advise you on what do in a crisis and how best to deal with the fall out but so much can be done to protect your business from it happening in the first place.
“The introduction of EU Data Protection Regulation (GDPR), expected to come fully into force within the next three years, will fundamentally and dramatically alter the data breach landscape. Even in the absence of a strict notification law at this time, it is well within companies’ best interest to put preventative measures and plans in place now. The companies that stay ahead will be those who focus on protecting their customers,” commented Amir Goshtai, Managing Director, Affinity, Experian Consumer Services”
Lara Lackie. 2015. This is how much data breaches could cost UK businesses (hint: it’s billions). SECURITY NEWS [Online]. Available at: http://bit.ly/1NhJtOP [Accessed: 10/07/15].