Time is also running out rapidly for GDPR compliance; the regulations come into force in May 2018, and so there’s no time to waste. If you haven’t started the process yet, then start saving up for the fines because these are not going to be cheap. For example, last year, Talk Talk’s fine of £400,000 for security failings was big, but under GDPR the company could be given a financial penalty that equates to 70 times higher than this figure – to the tune of a whopping £59m.
While these potential fines are significant and potentially damaging from both a financial and reputational perspective, there are still many uncertainties about exactly what you should do. What are suppliers doing to help the SME customers, other than trying to frighten them? After all, smaller companies aren’t going to have the revenue available that large corporations will have to protect them from going under.
Find out more about what GDPR means for your business: https://www.4bridgeworks.com/gdpr-mean-business/. By-lined to David Trossell, CTO and CEO of Bridgeworks.
Published by Data Centre News. A digital magazine version of this article can be found in its November 2017 edition: So, what does GDPR really mean?


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