
Data privacy is far more than just the security and protection of personal data. It all boils down to how organisations are using that personal data. Organisations need to process personal data in an ethical and legal manner. That could mean not bombarding customers with unwanted SMS marketing messages but it could also mean simply not sharing personal information with third parties without the customer’s consent. It doesn’t mean that marketing is now forbidden under data privacy laws but it does mean that organisations need to be transparent about what personal data they are capturing and how it’s going to be used. Many organisations recognise the significant risks of cyber attacks and data breaches but fail to understand what else is required to safeguard what is referred to as the “rights and freedoms of individuals”.
Companies that fail to protect personal data and comply with data privacy regulations aren’t just risking financial penalties. They also risk operational inefficiencies, intervention by regulators and most importantly, permanent loss of consumer trust.
As the global gold standard for data protection, the GDPR represented a significant evolution in the landscape for personal data protection when it came into force on 25 May 2018.
The law includes stringent requirements for organisations who process personal data collected in the EU, with many multinationals in the Middle East undertaking GDPR compliance projects.
The law introduces strengthened rights for Data Subjects such as the right to access their data, the right to be informed via privacy notices and the right to rectify or delete their personal data.
Potential fines under the GDPR can reach €20m or 4% of global turnover - whichever is greater.
We start by helping put the data protection requirements in the context of the business. We have developed a five step approach to transforming privacy programmes, with tools and accelerators to assist the process.