GDPR Consultancy: Why It's Essential For Your Business

January 27, 2023

GDPR Consultancy: Why It's Essential For Your Business

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.

Key Takeaways on GDPR Consultancy for Your Business:

  • Understanding GDPR: The General Data Protection Regulation (GDPR) is a stringent set of laws enacted in 2018 to protect the personal data of EU citizens. It applies to all businesses worldwide that serve EU customers, mandating careful handling of their data to prevent misuse.
  • Severe Penalties for Non-Compliance: Non-compliance with GDPR can result in substantial legal repercussions, including fines up to 4% of the company's total financial turnover from the previous year or 20 million euros, and damage to the business reputation.
  • Role of GDPR Consultancy: GDPR consultancy involves hiring a third-party expert to ensure your business complies with all GDPR requirements. These experts are well-versed with the intricacies of GDPR, helping businesses navigate the complex landscape of data protection laws without missing any critical details.
  • Ease of Compliance: Leveraging GDPR consultancy services can significantly simplify the process of achieving GDPR compliance. It saves businesses time and resources, which can be better used in other profitable areas, offering a better Return on Investment (ROI).
  • Readiness to Prove Compliance: Having a GDPR consultancy team ensures that your business always has the necessary documentation ready to demonstrate compliance during inspections, fostering a state of preparedness at all times.
  • Risk Mitigation: Engaging a GDPR consultancy firm helps in reducing the financial risks associated with non-compliance, thereby safeguarding the business from potential devastating consequences and promoting a profitable and minimal risk business environment.

In conclusion, GDPR consultancy is essential for businesses targeting EU customers, helping them to adhere to the stringent data protection laws efficiently and reducing the risk of severe penalties associated with non-compliance. It is a prudent approach to ensuring business continuity while respecting the data privacy rights of individuals.

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How GDPR Affects 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. Implementing tools like GDPR Google Analytics features ensures your website's adherence to these crucial data protection standards.

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.

What Is GDPR Consultancy?

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. Still don't fully understand what is GDPR? Instead of risking 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.

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.

Why Your Business Needs GDPR Consultancy

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.

Make GDPR Compliance Easier

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.

You’ll Always Be Ready to Prove GDPR Compliance

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.

Reduce the Risk of Going Bust

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.

Conclusion

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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