Jewellery Focus April 2018 | Page 27

FEATURE 4 Getting wrapped up in the complexity of compliance and missing the simple fixes. Some organisations get right into the Data Protection Impact Assessments (DPIAs) and working with new Data Protection Officers (DPOs) with cross-functional teams, even before they fully understand the regulation. This can lead to delays and frustration, and cause organisations to consume all the time remaining on research and failed compliance efforts. Instead, while the impact analysis is underway, take time to implement the simpler upgrades April 2018 | jewelleryfocus.co.uk that almost everyone needs to become compliant. For example, an upgrade to network security is almost always warranted. These are the solutions that provide organisations with ‘situational awareness’ and enable preventative, corrective and mitigating actions in near real-time - as is specified in the regulation. These are easily deployed and reduce the potential penalties, even if not fully compliant by the deadline. 5 Waiting to see if the courts to decide that GDPR is legal Surprising but true. This is a risky strategy, but some companies are actually thinking this way. But every organisation that complies with GDPR gains the benefits that come with stronger security - including a reduced risk of top line losses associated with breach-related business disruptions. Additionally, GDPR ‘‘ GDPR includes a number of items that are not a part of the current Data Protection Directive and may trip you up if you are not looking for them ‘‘ estimated that they would become compliant within seven months, on average, and only 10% said that they were already fully-compliant. Businesses just beginning a compliance project cannot afford to waste time and should look for help to accelerate the process. clearly defines a new minimum for data security and privacy. So, with a clear doctrine and both individual and market wide benefits, GDPR is a good model for modern data security, even if compliance is not mandatory. 6 Failing to spot the differences GDPR includes a number of items that are not a part of the current Data Protection Directive and may trip you up if you are not looking for them. Here’s some of the more significant new requirements: Data Breach Notifications: Controllers and processors are now required to notify supervisory authorities within 72 hours of learning of a breach and to notify the people to whom the data applies (data subjects) ‘without undue delay’. It should be noted that a breach of encrypted data is specifically excluded from notification requirements and so may factor in to your compliance strategy. JEWELLERY FOCUS 27