How Will GDPR Compliance Affect You?
Sandeep Mendiratta, Managing Director of Acrotrend Solutions, had the pleasure of speaking on a panel of experts about the implications of the upcoming General Data Protection Regulation which will take effect on 25th May 2018.
Suffice to say the implications of non-compliance are huge with businesses who fail to comply correctly facing fines of up to €20 million or 4% of global turnover, whichever is higher.
Sandeep was joined by Christina Zammit from BreachAware, Hellen Beveridge from Circdata and Kevin Jackson who chaired the Event Huddle meeting and some interesting points of view were shared that will no doubt affect the Events Industry once the regulation takes effect.
As Sandeep mentions, GDPR compliance is essential and Brexit will not safeguard SMEs against following this EU regulation. Whilst this regulation is no doubt scaring a lot of businesses in the UK, Sandeep believes that with this disruption on how we handle customer data, a chance for innovation presents itself in how we treat the privacy of customers and their data.
Be sure to watch the full video!