Our GDPR blog contains actionable insights from our data and privacy experts for accountants to prepare and live with the European Union General Data Protection Regulation.
It is really important that all accountants, in particular, ensure that they are compliant with the new data protection laws, as they are responsible for holding a lot of important information that can be used to identify an individual
The general data protection regulation (GDPR) is creating challenges that require action from everyone in Financial Services. GDPR is more than a regulatory compliance issue — it fundamentally changes how financial institutions operate, recognising the importance of GDPR and acting on it is the need of the hour.22nd October 2018
The General Data Protection Regulation (GDPR) is an EU law with the objective of making privacy laws fit the needs of the 21st century. GDPR significantly impacts any organization that processes EU citizens’ data – even if the business isn’t located in the EU. Data protection breaches are regularly making headlines and privacy has taken23rd July 2018
Why do Accountants need to be GDPR compliant?
- Accountants handle vast amounts of personal data on a daily basis.
- If a company is found to be in breach of the new GDPR guidelines, they may be fined up to 4% of their turnover or 20 million euros.
- By successfully protecting your client’s data, you are proving yourself to be a trustworthy and professional business.
Things accountants need to know about GDPR
The dust from GDPR’s May 25th, 2018 date has not settled and the data protection community is now bracing itself for the new California Consumer Privacy Act (CCPA). Several states in the U.S are following the General Data Protection Regulation (GDPR) with similar privacy initiatives. On 28th June 2018, California passed a sweeping consumer privacy law:10th October 2018
The General Data Protection Regulation (GDPR) came into force on May 25th, 2018, the most expansive overhaul of privacy regulations in a generation. Within days, high-profile cases were launched against the likes of Google, Facebook, and Amazon. However, 4 months on why haven’t we seen a wave fines imposed on the thousands of complaints received10th October 2018