What is GDPR? – AlphaLogix GDPR Guidance
The General Data Protection Regulation – GDPR is a new regulation in the EU on data protection and privacy concerning all individuals in the European Union including the UK.
With new data protection laws coming in to force on 25th May 2018 AlphaLogix has recognised that many companies are not aware of the changes and how they may be affected. To assist with this, AlphaLogix has outlined some key points of this new regulation to assist our clients.
The Information Commissioner’s Office (ICO) is a UK independent public body responsible for upholding information rights and data privacy. The ICO will investigate claims brought to them that infringe upon the new GDPR regulation (among others).
GDPR brings in some of the biggest changes in Data Protection for two decades, which will affect every business whether it is B2C or B2B. Ignoring GDPR and its possible effect on your business could mean you are fined up to €20 Million or 4% annual global turnover, whichever is higher!
You can start by asking yourself the following questions…
Note: PII can be something as simple as a name and email address (including business email).
If you find that you have more questions than answers and would like more information on GDPR or if you would like a company audit, we are here to help.
AlphaLogix has over 25 years experience in business and accounting software and can advise on best practices and implement software upgrades to ensure your business complies by 25th May.