The General Data Protection Regulation or GDPR shook the business world when it was passed in 2018. That meant that every business that dealt with customers in the European Union now had to rethink the way they manage customer data.
These laws are designed to protect customers and their data from misuse. This is one of the strictest and most complicated sets of data protection laws in the world, and one small misstep can result in heavy repercussions for your website and company.
This is why any business that serves an EU customer base is strongly encouraged to invest in GDPR consultancy. These service providers are great at ensuring that your business complies with GDPR regulations and can take a lot of weight off your shoulders.
But is GDPR consultancy really necessary?
In this article, we’ll get to the bottom of that question while also explaining a couple of reasons why you may need GDPR consultancy for your business.
GDPR is a set of laws and regulations designed to protect the personal data of citizens of EU-member states. And while the laws protect EU citizens, it applies to businesses worldwide. So, even if you operate primarily in the UK but your business still has customers from the European Union, you will need to follow GDPR regulations.
Aside from containing a lot of rules and regulations, GDPR is very strict. This means failure to comply with any of these regulations can result in legal repercussions, damage to your reputation, and fines that can reach up to 4% of your total financial turnover in the previous year or 20 million euros.
This is why all businesses and websites that collect data on their EU customers need to follow and comply with GDPR. The thing is, doing this can be tricky, especially with all the requirements and regulations. That’s why you might want to look into investing in GDPR consultancy for your business, so let’s take a look at what that entails.
In essence, GDPR consultancy is hiring a third-party specialising in GDPR to handle all your GDPR needs for you. These service providers know all the ins and outs of GDPR and understand how to ensure complete compliance.
So if you don’t want to figure out GDPR on your own or risk missing something out that could affect your business at a later date, the easiest and most reasonable thing to do is seek the help of professionals who know what they are doing.
If you have a website that targets EU customers and you gather data of your customers, you need to abide by the GDPR regulations. Below, we will take a better look at some of the reasons why working shoulder to shoulder with a GDPR consultancy firm is a good idea.
The first reason we highly encourage businesses to invest in GDPR consultancy is that it makes GDPR compliance easier. When you try to manage all GDPR compliance requirements in-house, you’ll find that you’re going to have to invest a lot of time and manpower to understand the law, compile all the documents and constantly monitor your website.
But if you get a GDPR consultancy team to handle compliance requirements for you, you will find that you will have more time and resources to spend on other aspects of your website or business that will likely yield a better ROI than what you would have spent on GDPR consultancy.
When you have a GDPR consultancy team working alongside your business, they will make sure you always have the necessary documents to prove your compliance. That way, whenever an officer or agency looks into your practices, you can prove that you comply.
There are many financial risks associated with running a business, and complying with GDPR removes one of the biggest threats that could lead to devastating financial consequences for your company. So if you want to run a profitable business with minimal risk involved, eliminating every threat on the radar is a must.
If you’re a business that has a website collecting data on EU customers, you need to treat that data with the utmost care and transparency. Failure to do so is noncompliance with GDPR, which can be devastating for your company.
That’s why we recommend you seek the expertise of a GDPR consultancy firm. Not only will they take complete care of your business and its compliance with GDPR, but you and your team won’t have to figure it all out on your own.
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