GDPR - (General Data Protection Regulation)
Our hot topic for this month is GDPR as we are now just under a year away from these new regulations coming into place. In April 2016, the European Parliament adopted a new standard to improve data protection for individuals within the European Union (EU). The GDPR does not simply apply to EU domestic business, but to companies worldwide that target their goods and services to European citizens. The deadline for compliance is 25-May-2018, and fines for non-conformance will be as high as 4% of global turnover for the business.
In preparation we have put together a GDPR App Suite to provide a comprehensive solution for assessing compliance and managing actions to address areas of risk or non-compliance. The suite includes a Readiness Audit, a Data Flow audit, a Risk Calculator with a full Monte Carlo scenario analysis and a Mitigation Register.