General Data Protection Regulation (GDPR)
The GDPR requires businesses to protect the personal data and privacy of all European Union citizens for transactions that occur within the EU. Companies must comply with the new rules by May 25, 2018.
challenges for businesses
The GDPR Requires businesses to do more than meet new checkboxes, and instead mandates a complete overhaul in general approaches to consumer privacy and data protection. The GDPR operates with an understanding that most businesses are involved in data collection and processing, and that companies must be responsible for ensuring consumer privacy and control of their own data.
Companies that wish to be GDPR compliant must implement new security processes and personnel to ensure that data is handled appropriately, and that proper methods are in place to prevent the loss of personal data.
project-based gdpr compliance
Bluestone Analytics has the expertise to help you understand the GDPR and what compliance means for your company. We encourage businesses to adopt a project-based risk management approach to GDPR compliance, and we work closely with executives and IT leaders to:
- Identify and classify data
- Explore fourth-party and vendor risks
- Analyze security gaps against the GDPR standard
- Develop a comprehensive roadmap to GDPR compliance
- Implement a risk-management framework
- Create realistic compliance milestones
GDPR compliance for U.s. businesses
It is estimated that two-thirds of U.S. Businesses will need to adjust their business practices to accommodate the GDPR. Even if your company is not immediately effected, in an age when consumers are growing increasingly concerned about how their data is being used, businesses that are GDPR compliant will maintain a competitive edge over businesses that are not. Taking proactive steps toward compliance will help your company compete in a global market.
Schedule a consultation
Interested in learning more about how Bluestone Analytics can help your business with GDPR compliance? Get connected with a compliance consultant today!