- Understanding GDPR and its Implications for your Professional Services Business
Understanding GDPR and its Implications for your Professional Services Business
How are US-based businesses likely to be impacted by the new General Data Protection Regulations (GDPR) which come into force in the European Union on May 25? What are the implications for professional services businesses which process data for clients? How will data chains be affected and who will manage them?
In the latest PS Insights podcast sponsored by Kimble, Ardi Kolah discusses these questions and others. Kolah advises government agencies and major corporations such as HSBC and Santander on data protection. An acknowledged global expert in the field, he is the director of the GDPR transition programme at Henley Business School in the UK.
Kolah discusses the implications of the law in detail, unraveling various scenarios. In general, he advises that GDPR is a higher standard based on human rights. The best approach to dealing with it is to focus on doing the right thing. “Ask yourself – would I be OK with this use of my data? Is it creepy or cool?” The main right GDPR gives to citizens is the right to transparency – to be able to see where their data is being stored and processed.