Now is the perfect time to get your GDPR-house in order. Why? Well, read on!
19 July 2021 is set to be the day almost all lockdown restrictions end in the UK. The pandemic is far from over, and things can change very quickly when the coronavirus is involved, but it certainly seems that the UK is raring to go!
Even in April 2021, with the rapid vaccination programme underway, the IMF predicted that the UK economy would grow at 5.3% in 2021 and 5.1% in 2022 (faster than the USA and the EU). And in May 2021, the OECD predicted UK growth of 7.2% for 2021 and 5.5% for 2022.
These are just predictions but it’s clear that, as lockdown unwinds, so the economy is picking up, helped no doubt by a lot of pent-up demand.
Whether it’s vendor due diligence, an internal audit or a board report, this increase in economic activity and the desire for organisations to regain as much lost ground as possible, means that your organisation is much more likely to be asked about your security and data protection compliance than before, for a number of good reasons.
For example, during lockdown, there were several earthquakes in GDPR-land:
So be prepared for more questions about your GDPR compliance from customers, partners, investors, auditors and the board.
Those old spreadsheets must be looking less-than-optimal about now.
Everyone working from home created its own GDPR and Security concerns. which you can address with the steps in our Privacy Kitchen video on the topic.
While people will soon be able to return to the workplace, anecdotally, it seems many organisations will keep a flexible or halfway-house situation at least for the meantime.
This means the challenges of working from home – as noted by the FCA in its November 2020 warning to maintain data protection standards – will not go away. Indeed, a hybrid situation will bring its own concerns.
No judgement, but you know a lot more now than when you created those first Excel spreadsheets to map out your data. Sure, it was a typical place to start, and there is always a time and a place for a spreadsheet, we love them!
But SaaS is eating software for obvious reasons and there’s a clear ROI:
And there’s a clear return on Privacy spend of up to – and beyond – 5 X ROI.
All of this means it’s time to tame GDPR at your organisation, shove it into business as usual, and move into proper maintenance mode.
The enormous – and enormously valuable – flow of personal data from the European Economic Area to the world’s largest economy, the USA, is again at existential risk. This alone…