The deadline for General Data Protection Regulations (GDPR) compliance is fast approaching with implementation of the legislation set for 25 May 2018. Estimates vary but surveys by the DMA suggest that somewhere between a third and a quarter of UK businesses are not fully prepared for the deadline. Other surveys reflect even less optimistic figures.
Retailers are at the perfect intersection of collection and use of customer data and dealing directly with the customers whose data they hold. Compliance is therefore a major priority. There is still time to go yet, and there will of course be those who make it last minute on a wing and a prayer but others struggling should not give up hope. Help is at hand.
What are the priorities?
There is plenty of detail to get through in the GDPR but some of the major points retailers need to take on board can be boiled down to a few simple questions:
Since the GDPR is in part building on what has gone before under the Data Protection Act, the answer to these is hopefully at least a partial yes. The following steps will help get you to a full yes:
Time to act
It is never too late to start and if you are behind in preparing for the GDPR, it is essential that you get proper advice to help you meet your obligations and achieve full compliance. Potential fines of up to four percent of turnover or €20m mean that no one can afford to ignore what’s coming.
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