Human advancement in research and development is today enabling smart technological deployment in various areas of our lives. Technology is being ingested into every parts of our livelihood including granular data processing and decision making. The progress in AI and big data analytics means tonnes of data can be processed and interlinked in diverse ways, making it possible for individualisation of targeted decisions. People, which is centric to why we need to make smart decisions are becoming more vulnerable and data about people are less protected by the terms of most existing data protection regulations. To circumvent the adverse effect of the PII data exposures due to technological and non-technological based processing activities, the GDPR was enacted to further reinforce and strengthen the existing data protection regulations. Technology must be applied in such a way that it can respond to the principles of GDPR. The price of non compliance could be gruesome for organisations, whereas, small and medium organisations may not be compelled to engage the services of a GDPR SME, they are still expected to meet and comply with the principles of GDPR. pGNOSIS is positioned to help your organisation explore the options available for you to be able to meet the GDPR requirements. We can support you in assessing your current operational processes as relates to personally identifiable information (PII), identify the gaps and prepare business requirement document (BRD) for your operational deployment.
What is the cost of non compliance?
For lower category violation/breach, regulators will now have authority to issue penalties as much as €10 million or 2% of organisation’s preceding annual global revenue, whichever is greater for violating any principle(s) of GDPR.
Violations/breaches for high category legal justification for processing (consent), data subject rights, and cross-border data transfers, the regulators will now have authority to issue penalties as much as €20 million or 4% of organisation’s preceding annual global revenue, whichever is greater for violating any principle(s) of GDPR.
How prepared are you?
Whereas the cost of effecting a change to meet the requirements of GDPR may not immediately be known within your organisation, however, the potential consequences of non compliance is well defined. To get ready, your organisation required to take the necessary steps. Have you assessed your ricks and exposure level to non compliance. Our GDPR SME can help your organisation through this process.
When is this coming to effect?
Starting this May (enforceable from 25th)
What is your exposure level?
You do not know until you have carried out an assessment
How can we help?
We can help you through the journeying, starting with the assessment of your current state, to gap analysis and preparation of business requirement document (BRD).