5 things all FD’s should know about GDPR

5 Things all FD’s should know about GDPR, author Angela McNaughton, Business Manager,  SproutIT, Legal IT Specialist

1. Subject Access Requests – You will no longer be able to charge people for dealing with their requests and on top of that to put even more pressure on resources allocated to the task which can often be time consuming, the 40 day deadline has been reduced to just one month. Someone needs to be responsible for this!

2. Budget allocation – Business leaders will have to assign resources into raising staff awareness of the new regulations and ensure the correct structure is in place in order to be compliant. Therefore a budget will need to be allocated to fund these compliance and training activities.

3. Significant fines – The information commissioner’s office (ICO) can impose fines of up to £17m ($20m) or up to 4% of global turnover, whichever is greater, for business who breach the regulations. This has the potential to bring a company to a standstill and severely affect the certainty of the future of the business. Given the ICO will need to fund the operations behind these fines it is highly likely they will start imposing fines as soon as the legislation goes live. A very significant factor to those in charge of the business and one not to be ignored.

4. Consent – Businesses must obtain positive indication of agreement of personal data being processed. This consent cannot be inferred from silence, pre-ticked boxes or inactivity. Sounds like a big job right? Correct – think, plan and take action!

5. Contractual changes – The GDPR insists on extra information to be supplied to individuals, including the need to identify the legal basis for processing data, the retention period and the right they have to complain. Again planning, contractual changes and communication equals time and money.

PLANNING
The theme from above is to plan your approach to the changes. Ensure there is one, make someone responsible for executing the plan, allocate a budget for it and communicate to all stakeholders of the business.

To find out more, contact SproutIT, Legal IT Specialist;

info@sproutit.co.uk

www.sproutit.co.uk

@sprout_it

Angela McNaughton | Business Manager | am@sproutit.co.uk

Angela is a chartered management accountant (MAAT ACMA) with over 12 years of experience within the professional services sector. Originally starting out with NatWest bank and moving onto one of London’s most prestigious law firms, Angela gained a track record in using research, analysis, planning and negotiation skills to successfully develop business initiatives whilst maximising profit, minimising cost and driving continuous change. Angela’s effective communication and managerial skills assist in motivating staff to strive for professionalism both for themselves and the company.

About SproutIT

Based in Temple, in the heart of London’s  legal district, Sprout Technologies, otherwise known as SproutIT, was founded in 2006 with the aim of providing the highest possible level of IT Support, Consultancy and IT Strategy to the UK Legal Sector.

SproutIT, a legal IT specialist, enables law firms & barristers’ chambers to achieve competitive advantage & peace of mind, through the innovative use of best-of-breed technology, focussed cyber security and cyber resilience , award winning services,  and passion for service excellence.

Through extensive experience working in partnership with some of the world’s leading software vendors such as Exponential, SonicWall, Mimecast, including the very latest cyber security and resilience technologies, SproutIT is able to provide the very best IT solutions to the legal sector.  SproutIT takes extreme pride in their approach to customer service as well as their comprehensive approach to design, implementation, support and the testing of new technologies.

For the latest updates, including cyber security updates and GDPR compliance, subscribe to the SproutIT blog here

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www.sproutit.co.uk

@sprout_it

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Angela McNaughton

Angela McNaughton

Angela is a chartered management accountant (MAAT ACMA) with 11 years of experience within the professional services sector. Originally starting out with NatWest bank and moving onto one of London’s most prestigious law firms, Angela gained a track record in using research, analysis, planning and negotiation skills to successfully develop business initiatives whilst maximising profit, minimising cost and driving continuous change. Angela’s effective communication and managerial skills assist in motivating staff to strive for professionalism both for themselves and the company.