The new General Data Protection Regulation (GDPR) sets a high bar for consumer rights and is a challenge for companies to meet. This legislation applies to all personal identification data, including IP addresses and cookie data. This means that companies will have to protect these data as much as they protect a customer’s other personal information.

Non-compliance with these laws can cost a company a lot of money. It can result in a reputational hit and reduced revenue from disgruntled consumers. It can also lead to fines for non-compliance with security regulations, which can be crippling for smaller businesses in particular.

Data breaches cost organisations millions of dollars every year. In the last year, Equifax was fined $700 million for its breach. And if a company isn’t careful with personal data, it could be sued by a customer. In addition to the legal expenses, organisations will spend time and money on defending themselves. Their reputation can also suffer, which is why proper data protection is essential for all businesses. Find out more about how to keep printed material secure with Confidential shredding Swindon from a site like https://www.printwaste.co.uk/confidential-shredding/confidential-shredding-swindon/

With the introduction of GDPR, companies will have to implement new systems and comply with the new regulations. They will also have to provide expanded disclosure of data and give users control over their personal data. They must also provide consent to share data with third parties.