It’s been almost a year since the GDPR (General Data Protection Regulation) came into force, but Cisco’s 2019 Data Privacy Benchmark Study found only 59% of organisations worldwide are compliant.
If you haven’t yet begun your compliance journey, you should prioritise tackling those areas where a lack of action leaves your organisation exposed. Where an infringement occurs, demonstrating you have made a start could help reduce any potential penalties.
Organisations that fail to comply face fines of up to €20 million or 4% of global annual turnover – whichever is greater.
Why comply with the GDPR?
Data breaches are becoming increasingly common and more severe, but many organisations are still not able to detect and respond to them.
Globally, the number of records breached in 2018 increased by 183% on the previous year. In addition, the global average cost of a data breach rose 6.4% to $3.86 million (about €3.44 million) over the same period.
Compliance with GDPR ensures organisations are taking the necessary steps to prevent loss of a personal data by improving data security in line with GDPR requirements.
Organisations that fail to comply to GDPR requirements face fines of up to 4% of annual global turnover or €20 million. In addition, data subjects have the right to seek judicial remedies against data controllers and processors, as well as the right to obtain compensation for damages occurring as a result GDPR breach.
Benefits of GDPR compliance
Cisco’s report demonstrates that GDPR compliance makes organisations less susceptible to data breaches, as you’d expect, and being compliant also streamlines business processes and helps win business.
Many respondents noted that compliance with the Regulation also:
- Enables agility and innovation from having appropriate data controls (42%);
- Gives them a competitive advantage (41%);
- Helps them achieve operational efficiency from having data organised and catalogued (41%);
- Reduces sales delays due to privacy concerns from customers and clients (37%); and
- Helps them appeal to investors (36%).
Getting to grips with the GDPR
Having trained nearly 8,000 professionals on the Regulation, our training courses are based on our extensive practical experience advising on GDPR compliance and provide participants with the specialist knowledge and skills needed to achieve compliance.
If you’re considering upskilling yourself or your staff, our fully accredited, practitioner-led courses can help start your organisation on the right track.
Certified EU GDPR Foundation Training Course
Gain a comprehensive introduction to the Regulation, and a practical understanding of the implications and legal requirements for organisations in this one-day training course.
Certified EU GDPR Practitioner Training Course
Learn from the experts how to meet the requirements of the GDPR. Gain a practical understanding of the tools and methods for implementing and managing an effective compliance framework.
Certified EU GDPR Foundation and Practitioner Combination Course
Save 15% when you purchase both courses together
Learn from the experts how to meet the requirements of the GDPR. Gain knowledge of the Regulation, and a practical understanding of the methods and tools for implementing and managing an effective compliance framework.
GDPR Starter Bundle
If you’re unable to attend classroom training but want to ensure your organisation’s compliance with the Regulation, our GDPR Starter Bundle contains practical and easy-to-deploy solutions.
- EU GDPR Documentation Toolkit
- GDPR Manager
- GDPR Staff Awareness E-learning Course (25 users)
Find out more about these tools and resources with a seven-day free trial.