GDPR could help businesses clean up data
handling practices. But some could be heading in the wrong
direction
While most of the attention in the past months has been
focused on the legal framework of the General Data Protection
Regulation (GDPR), little has been discussed about the culture
change that the new rules are set to introduce. Companies can
no longer afford to view data protection as a junior
responsibility but have to treat it as a business imperative at
all levels.
Most headlines on GDPR have covered the huge increase in
fines – up to €20 million ($25 million
approximately) or four percent of a company's global turnover,
whichever is higher – or the cost involved in
businesses getting GDPR ready. Compliance in the UK alone has
been estimated to have cost between £300 and £450
per employee, with some FTSE 100 companies spending as much as
£15 million,...