GDPR has transformed the way in which companies can handle customer data.
Do you find it frustrating to have to constantly ‘opt-in’ to websites when browsing the internet? You have GDPR to thank for that. But it isn’t all an irksome tick-box exercise. Essentially, it boils down to putting control of data back into the hands of clients, customers and employees and putting greater responsibility on businesses and individuals that process that data to show they're looking after it - and that they know what to do if security is breached.
Fines are huge, too. within the first year over 200,000 cases were reported, with fines topping a massive £56million. At the upper limit, firms can be fined four per cent of their global turnover.
One year on | 7 in 10 say GDPR imposes a huge burden on HR
One of those counting the cost of GDPR is British Airways, which was today fined a massive £183million penalty after more than 380,000 customers faced stolen data issues – The Mirror reported.
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