At The Compliance Space we thrive on our clients' ability to grow and prosper. GDPR is a
necessary legislation, so it's logical that businesses
demonstrate the importance of securing the data they hold.
The EU General Data Protection Regulation is the most significant development in data
protection that Europe, possibly the world, has seen in the past twenty years. It was
conceived unsurprisingly to better consider evolving technologies, the way we work
with them today and are likely to work with in the future.
There is much greater emphasis on data compliance following a widely held belief
that organisations had previously not taken personal data privacy seriously enough. Therefore,
penalties are considerably harsher, and the compliance requirements are intended to spread a
far wider net to include small and medium businesses.
All European Union businesses and any non-EU businesses that processes EU subject data must
comply with the regulations which came into force in May 2018. The Information Commissioners
Office (ICO) recommends that businesses carry out a GDPR Impact Assessment as soon as possible
to understand their exposure, identify any risks and plan for compliance.
We care about GDPR because it focuses on the asset we consider most valuable in any
organisation we work with, data. The importance of data for 'business as usual' has
always been understood, albeit rarely spoken about. The hidden value in data comes from the insights
that can be gained from it. If harvested appropriately and legitimately, data can be a
business’s best way to model its service around its clients' actual requirements. Helping them stand out
as a differentiator in the market, reduce the threat of a disruptors & competitors and
At The Compliance Space, it's our mission to help our clients deliver the best experience for their customers, members and staff.
Personally Identifiable Information (PII) and its protection is key to ensuring these stakeholders are safeguarded, protected and loyal.