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|GDPR: Reports show businesses have no plan|
|Thursday, 02 February 2017|
The General Data Protection Regulation (GDPR) is definitely coming into law in May 2018 and will financially penalise organisations that are based in or operate from the EU that are not GDPR compliant.
A business that is not GDPR compliant could face a fine of €20m or 4% of its annual turnover.
Reports show that businesses have a very limited knowledge of GDPR
The GDPR Conference Europe recently surveyed businesses across the UK to measure their understanding of the prospective impacts of the GDPR. The findings showed an acute need for further training on the implications of GDPR, and how to prepare before it becomes law in May next year.
The survey results showed that 92.3% of businesses believe GDPR is applicable to their business, yet 62% have no plans in place to prepare for GDPR.
A minority of the businesses surveyed said they were starting to prepare for GDPR with internal meetings and training, but over one third of businesses reported having very limited knowledge of GDPR or what they need to do to get ready for its implementation, causing further obstacles to getting GDPR ready.
Given the landslide figure that agreed GDPR is applicable to their business, this survey has shown a distinct need amongst UK businesses for thorough training on the impact it will have on business critical processes.
In fact, 91% of those surveyed agreed that a conference would provide the right platform for them to learn how to make their business GDPR compliant.
As a result, GDPR Conference Europe have decided to offer a reader discount of £200 off tickets. The conference will provide a much needed framework to help businesses prepare for GDPR.
The GDPR Conference Europe will be a deep dive one-day event that will focus on the likely impact GDPR will have on business critical processes and provide a framework to Keep your Organisation GDPR Compliant.
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
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