The General Data Protection Regulation came into force on 25 May 2018. That’s not new news. But it is a fact. It’s also fact that not everything you read or hear about the GDPR is true.
So, I want to set the record straight. I want to bust the myths. Because I know that most organisations want to get the GDPR right.
Lets separate the fact from the fiction.
The biggest threat to organisations from the GDPR is massive fines.
It’s true they will have the power to impose fines much bigger than the £500,000 limit the DPA allows. It’s also true that companies are fearful of the maximum £17 million or 4% of turnover allowed under the new law.
And you can’t insure against that.