Why GDPR Compliance is important to you?
According to a survey by GWC, 92% of organizations are concerned about GDPR compliance. The fines are $20m and this is significant for small and medium businesses. In addition, the reputational risk for non compliancemay hurt an organization. Customers may lose confidence in the way the organization manages their privacy information.
GDPR is not a bad thing. Essentially, GDPR provides European subjectswith more control over how their personal data is used. It strengthens data protection legislation and introducing tougher enforcement measures thereby, improving trust in the emerging digital economy.