The European General Data Protection Regulation (GDPR) is replacing the Data Protection Act 1998 (DPA) on 25 May 2018 and, in doing so, will introduce heavy fines for all organisations who hold personal information and are involved in a data breach.
” When it comes to data protection, small businesses tend to be less well prepared. They have less to invest in getting it right. They don’t have compliance teams or data protection officers. But small organisations often process a lot of personal data, and the reputation and liability risks are just as real. “
Under the new laws, non-compliant companies will be fined a maximum of 4% of annual global turnover or £20 million. In addition to this, parties affected by data breaches, caused by your company, are entitled to file for compensation.
If your company holds personal information and is planning to undergo a General Data Protection Regulation (GDPR) assessment, or would like to, Lithium can be there to work with you every step of the way and help minimize the risk of fines in the near future.
Our advisors can work with you to risk assess your infrastructure and ensure it maintains a high security posture from the inside out. We can help you scope the areas of your network that need testing, perform an assessment and provide remediation advice where required.