Why are Australian Organisations so unprepared for Europe's GDPR law?

Attorney Chad Blackman

Attorney Chad Blackman

Jon Baines, chair of the National Association of Data Protection Officers (NADPO), told Infosecurity that from looking at the research, he was concerned that DCMS appears to be promulgating an idea that compliance with GDPR is exclusively or mainly about cybersecurity. In particular, the new rules amend data management practices initially set in the mid-90s and will standardize across the European Union (and eventually other regions) how governments and businesses in virtually every sector or industry treat, manage, and secure data such as names, addresses, emails and credit card numbers.

With the General Data Protection Regulation law set to go into effect later this year, companies are scrambling to make sure they stay compliant with new data privacy rules - that means more business for startups like Integris.

In October, the Irish Government allocated an additional €4 million to the Office of the Data Protection Commissioner under Budget 2018 to allow it to recruit up to 40 new employees ahead of the introduction of GDPR to bring the total funding allocation to nearly €11.7 million, a rise of 55 per cent on the prior year.

"In the time between now and 25 May, our advice would be that companies need to take this seriously, given the fines that could be imposed". Awareness is higher among businesses that report their senior managers consider cyber security is a fairly high or a very high priority, with two in five aware of the GDPR. They will also be required to report data breaches within 72 hours.

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Colin Stanbridge, chief executive of the LCCI, said, "Businesses that are already vigilant about their data protection responsibilities are unlikely to be unduly burdened by the new legislation".

The service will be offered by Cornerstone's Global Privacy team, a group of data security specialists led by José Alberto Rodríguez Ruiz, Cornerstone OnDemand's data protection officer (DPO), who has over 16 years' experience in IT, HR, data privacy and security.

Furthermore, half of businesses surveyed have not yet reviewed third-party contracts to ensure they are compliant with the regulations. No organization can fully meet GDPR compliance without experienced legal counsel at the helm.

"I would have expected more than 27% of businesses to be making changes", he said. If the answer is yes, then how do they use it and who do they share it with? Companies must be able to provide European customers with a copy of their personal data and under some circumstances delete it at their behest.

Risks and penalties: what changes will you need to make? And the bad news for businesses is that yet another privacy regulation to be compliant with may become a new barrier to trade with the EU.

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