Small Businesses in the Dark Over GDPR
For many small and even mid-sized companies (SMEs), the looming GDPR deadline does not mean they are any nearer getting ready for the introduction of the legislation. But getting ready in time is not just crucial for compliance, it is also good for business.
December 2017: Most companies by now understand what the GDPR is – and what the consequences of non-compliance are. But according to new data, especially small and mid-sized enterprises (SMEs) are struggling to come to terms with what ‘privacy data’ really means and the ‘how’ in how to get compliant. With less than six months to go until the legislation if formally introduced, it is time to get out of the dark and understand what you have to do – and take first steps to getting in compliance.
Brexit or no Brexit, GDPR will prevail
In the UK, a new survey from the Close Brothers Business Barometer, shows that of the over 900 SMEs surveyed, just 31% said they are clear about what privacy data means in a business context and only 48% understand the new privacy data rights customers have in connection with the GDPR legislation.
Businesses – both in the UK and across the rest of the world – have to get ready in time for 25 May 2018. Regardless of Brexit, also the UK has to get ready for GDPR – and compliant. The UK government is adopting a legislation which mimics the GDPR legislation, making it somewhat easier for UK businesses to take uniform steps to getting in (general) compliance.
Data clean-up is good for business
The GDPR will add benefit to the businesses. Organizations will need to change the way they handle privacy data, looking after information assets to a much higher degree than most do today. This is just good business practice. If a company already has its data in order, then the GDPR should not be something to worry about.
The GDPR will bring greater transparency to how privacy data is handled, what information is stored, and why, and for organizations it will be a good exercise in data clean-up and storage. This goes for both employee data, partner data, and external privacy data.
Gaining this – for some, newfound – overview of data, will for many organizations mean they have a greater knowledge of the identities across the company. A data clean-up will enable them to know more precisely who has access to what, why, and what they used this for. This in turn will help protect companies from internal and external cybercriminals or accidental data leaks and likewise protect the company’s reputation.
Learn how to get GDPR access compliance in a few months here.
HOW TO ACHIEVE GDPR ACCESS COMPLIANCE IN A FEW MONTHS
Organizations need to get an efficient and future-proof access governance solution in place in time for May 25 2018 and beyond., as solid access governance is a vital prerequisite for GDPR access compliance. Omada's approach will get you up and running in just a few months, supporting a fast track to get in control of data and demonstrate compliance with easy-to-use, easy-to-manage dashboards.
Download Omada's GDPR Access Governance product sheet to learn how you can achieve GDPR Access Compliance in a few months.