Promising to change the way European businesses secure their data, the General Data Protection Regulation(GDPR) will represent an important step in placing the power back in the hands of consumers. Providing a harmonized Data Protection framework across Europe, it will make it easier for organisations to understand and meet their obligations in respect of storing, managing and using personal information. GDPR aims to reflect a consumers’ right to privacy, to better mirror globalisation and the latest technology trends and impose sanctions where necessary to achieve compliance.
And with organisations now facing a seemingly never-ending threat of cyber-attacks – the Carphone Warehouse being the most recent victim, losing some 2.4m customer records – putting in place measures to ensure the safety of customer data has never been more crucial.
But will it work?