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A Guide to GDPR and Its Benefits

Complying with GDPR helps business benefit from it.

If you want to prove to your customers that your business is a good keeper of data, then you need to comply with GDPR. The mandate of this new legislation is that every organization have a data protection officer, together with regular audits of data processing activities. Your organization also has to comply with a set of data protection principles under the GDPR so that personally identifiable information of your data subjects’ are kept secure.

If there is a data breach, then its consequences can make your brand equity suffer; customers will defect and you have to face many escalating costs. With GDPR’s proposed security practices, the reputation of your brand will be boosted because it will show your customers that you have a robust data governance system in place.

A lot of enterprises in the UK has already experienced cyber-attacks and it is one of the big threats to businesses in the UK. Your cybersecurity practices will be extended with GDPR compliance framework in place so it can face the scale and sophistication of cyberattacks.

In order to ensure that data does not fall into the wrong hands, GDPR mandates that access to critical data in your organization be given to only a few professionals. Disclosure of a data breach should be done within 72 hours in compliance with GDPR requirements. GDPR compliance ensures improved data security.

Complying with GDPR can help your business cut costs since you are to retire any data inventory system and legacy applications that have no longer any use for the business. The cost of storing data will be reduced if you keep your inventory updated and discard old data according to GDPR’s ruling. You can also lessen your data maintenance cost which would have been gained from man-hours and maintenance of infrastructure.

Complying with GDPR regulations help your organization to effectively engage with customers. Becaue of the detailed information collected, you get more personalized communication with your customers and you save from pursuing customers that are not interested.

Your organization needs to improve your network, endpoint, and application security as an extension of GDPR compliance. There are two purposes for migrating towards the latest technologies. You can effectively manage the growing demand for data, and it allows you to offer end-users products, services, and processes that are augmented.

The new environment of your organization can be monitored for any data breach with third-party management tools. Log data can be monitored by these tools and they can keep a tab of data transferred outside your environment. These tools also check the integrity of files and folders in your network, endpoint devices, and applications, and on the cloud. Detection of anomaly sends out an alert notification by third-party tools and this gives you time to avert any compromise.

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