How will the new data protection regulation GDPR affect your business?

August Blog PictureWhat is the GDPR?

GDPR stands for General Data Protection Regulation and is an update of the 1995 EU Data Protection Directive. The Directive was created as a legal framework to regulate the progression of personal data within the European Union regarding the erasure of personal data. Companies need to start thinking about this regulation, upcoming legislation and prepare for changes as it is due to come into law next year.

How does the GDPR affect your business?

Hefty fines are charged to those companies who fail to comply. The fines under the new rules will be significant for any organisation as they are expected to go up to 5% of the annual global turnover of a company per incident. This shows how important it is for companies to adhere to the GDPR.

Failure of Law

Such data protection regulations are becoming a lot stricter, companies need to consider the implications if they don’t start preparing for the new law. Any breaches in data protection legislation, which compromise individuals or clients confidentiality, could potentially ruin an organisation financially.

Failure to erase information upon the disposal of media such as paper, hard drives, CD’s or  storage devices like phones etc. may not only result in financial implications but also in unseen costs, such as the incident recovery cost and the damage that can be caused to the brand reputation of an organisation. If an incident like this occurs, the negative publicity can end up costing a business far more than a finance penalty. Potential loss of customers could cripple your organisation.

Data Protection

 

GDPR and Data Disposal

The GDPR law affects the whole process of Data Disposal from the collection, storage and destruction of sensitive data. The steep penalties should be a reason to justify investment in security controls within your organisations policies and procedures  to eliminate the likelihood of a data breach Pulp works alongside our partners to make sure all unwanted IT assets are securely disposed of. The process is carried out by security cleared personnel, collected by GPS tracked and Geo-Fenced vehicles and stored in secure, licensed facilities using CESG approved data erasing software. The whole process should be fully auditable with the ability to track and report on what was erased and who handled the erasure; the data trail will then allow you to demonstrate your regulatory compliance.

Crucial that changes are made

It is crucial companies consider the impact to their organisation and make changes before it is too late. Businesses should start work now to ensure compliance with the new legislation, implementing a strategy compliant with forthcoming data protection guidelines.

How can PULP help?

PULP’s shredding services removes the burden of the legislation compliance surrounding secure IT asset disposal and delivers real cost savings and guaranteed compliance with the latest environmental laws and highest data security standards. Now is the time to consider the potential impacts of the new legislation on your organisation.

It’s quite simple, using a paper shredding service saves you money. Your old data is confidentially shredded, giving you security and peace of mind. Our recycling policy is good for the environment. Pulp Recycling is the shredding company for you.

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