Why GDPR will make e-Redact a more critical investment than ever before.
Increasingly organisation are utilising paper-free technologies to meet the information and resource demands of their customers.
The seamless and sometimes invisible nature of the modern digital economy means that these demands are met more quickly but a discrete vault of information liability is left from each response.
Governments have adapted to implement and maintain more robust data protection principles whilst supporting the fundamental rights of their customers to access this data.
On May 25 2018, the European Union’s General Data Protection Regulation (GDPR) will become law.
The regulation will affect all member states of the EU and oblige them to be more accountable, transparent and responsible for the data they hold, process and share.
For the individual, the regulation will empower them with indirect control over the data that an organization is able to hold about them. Any organisation that stores, processes or shares the personal data of EU residents will have to conform to this new law.
Non-compliance with the regulation is not an option. Organisations that are unable to meet the GDPR regulation could be issued with fines of up to 4% of global turnover or €20million, whichever is greater!
Historically the Data Protection Act had little deterrent effect. Many organisations traded with complacency to the act and elected to pay penalties as and when data issues occurred.
Organisations must now invest in GDPR-readiness or be subject to fines at levels that could jeopardise the very existence of the organisation.