5 Reasons To Hire A GDPR Compliance Consultant
Protecting personal information is a major business priority in today’s technological age. Since the General Data Protection Regulation (GDPR) is in force, businesses operating in the European Union must comply with the strict requirements or face harsh sanctions.
However, ensuring compliance with GDPR is a complicated procedure. This is where the services of a GDPR compliance consultant can be a huge help. In this article, we’ll look at five reasons employing a GDPR-compliant professional could be a game changer for your business. Keep an eye out!
What is GDPR?
General Data Protection Regulation (GDPR) is a set of regulations which guarantee that businesses secure their customers’ personal data while protecting their privacy rights as all using the company’s services. The European Union law was brought into force on May 25, 2018, and established guidelines regarding the protection and processing of the personal data of EU citizens.
To ensure the security of sensitive data, companies can use third-party vendors to manage, store and secure information for them.
A greater understanding of the information being stored
If approached rationally and logically, GDPR compliance can give businesses an understanding of their data and how it flows across the company.
With the help of GDPR, Sales and marketing teams, for instance, can get better oversight of whom they can sell their products or services to legally. According to Chase-Borthwick, this typically leads to smaller, more active groups, which are simpler to manage and manage.
Protection and enhancement of the company’s brand image
By securing consumers’ privacy, Organizations not only protect themselves from potential penalties but they could also uncover the value of their brand and reputation that is not visible to others.
Privacy is key to trust,” Tene declared. Suppose there is no evidence of a commitment to privacy. In that case, companies are at risk of brand harm and can see their products or services being criticized for being untruthful or insensitive. In the long term, the GDPR will boost customer trust and help increase creativity and value creation, he said.
GDPR compliance is increasingly essential for those who provide services to businesses and companies looking to stand out in the eyes of potential consumers, according to Jordan L. Fischer, the lawyer at cybersecurity consulting firm Beckage.
In addition, businesses that collect and process GDPR-related information must adhere to GDPR to draw business customers since their compliance is tied to their supplier’s GDPR compliance.
Automation of business processes is more straightforward.
Many innovative companies take advantage of their GDPR compliance responsibilities to review how they’re handling the storage of client and customer data processing, management, and storage duties.
As you work towards GDPR compliance, the business processes begin to show their own merits, according to Ryan Costello, an attorney and the head of the services for data privacy engagement within ProSearch Strategies, a discovery technology service provider for lawyers and legal departments of corporations as well as law firms.
Improvements in the management of data
Chan suggested that organizations begin the GDPR compliance process by conducting an annual internal data audit. ” Examine what kind of data you collect, how much is collected, and how the data is used,” Chan advised. “You’ll be able to distinguish what you should keep collecting from what you should stop collecting this way.”
Omer Tene, vice-president, and chief information officer for the International Association of Privacy Professionals, a non-profit, non-advocacy membership group, stated that he believes businesses should strengthen their programs to protect data by naming a person entirely responsible for the use of data and compliance issues.
The typical title is chief privacy officer (CPO) or data protection officer (DPO). This person is responsible for implementing methods to track and map data movement within the company.
Credibility and trust are increased.
Below are the seven principles which form the foundation and the rationale behind most GDPR laws:
- Integrity and confidentiality
- Data minimization
- Fairness, lawfulness, and transparency
- Purpose limitation
- Storage limitations
They are rapidly becoming the global guidelines for protecting data globally,” said Kim Chan, an attorney, and co-founder of DocPro.com. This legal tech platform provides free legal documents and tools for startups, individuals, and small-sized businesses.
The achievement of full GDPR compliance means that a company has attained the highest security level for its data, which is something that all clients, customers, and business partners be proud of.
“Compliance with GDPR and data protection by design, in particular, is seen as a key business differentiator,” says Sophie Stalla Bourdillon, senior privacy counsel at Immuta, an automated technology provider for data governance.
In addition, since data privacy and cybersecurity continue to become more convergent and unified, a high degree of data security also implies a high degree of protection for data, a goal appreciated by virtually every type of business.
To protect customer data and avoid penalties, businesses must comply with GDPR regulations. Hiring a consultant can save money and help navigate complex requirements. GDPR compliance also provides benefits such as better data understanding, automation, and credibility. Achieving full compliance can enhance brand reputation and provide the highest level of security for data.