As a company do you have a GDPR officer or at least someone who is competent to advise the organisation on what security measures you need in place in order to protect the data you hold. Do you understand what data you process and who has access and how long it should be kept?
It’s really important to comply with GDPR legislation or even understand how GDPR works could benefit your business. The GDPR legislation was introduced to put in place to protect all of our personal data, securing both individual privacy and business confidentiality.
If you have a company data breach of security there are two fines:
• Up to €10 million, or 2% of annual global turnover whichever is higher
• Up to £20 million, or 4% of annual global turnover whichever is higher