• Risk Wizard Team

Top 5 Tips to Reduce Risk from Data Privacy Laws in the UK

The years from 2018 to today have been nothing short of a challenge for British businesses in terms of data privacy and compliance with data protection regulations. Not only have businesses had to provide training and resources to remain compliant with the EU’s General Data Protection Regulation (GDPR), but the enactment of Brexit has also muddied the waters for businesses trying to remain compliant. Below are five quick tips to mitigate and reduce risk from data privacy laws in the UK:

1. Learn More About Current UK Data Privacy Laws

If your organisation has already gone through training leading up to 25 May 2018, the date upon which the GDPR came into effect across the EU, then you’re already on a good path towards remaining compliant in 2021 and beyond.

Now, considering Brexit, the GDPR didn’t simply go away. The transition period ending on 31 December 2020 meant that the UK was no longer subject to the GDPR as it were. Simultaneously with the GDPR, the UK repealed a previous regulation, the Data Protection Directive, and replaced it with the UK Data Protection Act 2018 on 25 May 2018. What happened was the GDPR was folded into UK law (sometimes called UK GDPR), so in effect, the UK must comply with this GDPR for the foreseeable future.

2. Appoint an EU Representative

If your business continues to operate or do business with citizens located in the EU27, you must have an appointed GDPR EU Representative. This office is responsible for maintaining compliance, upholding obligations, as well as responding to data breaches or violations of the GDPR within the acceptable timeframe so as to avoid paying the hefty penalties that can be incurred. With penalties up to €20 million or up to 4 per cent of annual turnover, the risks are far too great to ignore.

3. Maintain Regulatory Compliance

For organisations with a robust GDPR compliance plan in place, simply having everything planned out will do no good unless adherence is enforced. Even minor acts such as writing down a customer’s contact information in a notepad can lead to non-compliance if that data is not properly safeguarded and is exposed to bad actors. Train employees with the why with regards to the importance of data privacy and have realistic, practical ways to motivate compliance rather than resorting to harsh punishment.

4. Update Your Transition Plan

In cooperation with all relevant stakeholders, including your GDPR representative, it’s imperative that you have and update your transition plan for the future. This can include assessment of all possible risks pertaining to data privacy within the organisation down to specifics like the methods of data collection or storage used within the business.

5. Minimise Risk of Noncompliance With Risk Management Software

The risks of data breaches are an immense threat to organisations all across the UK and worldwide. These risks must be accounted for by risk management personnel, and one of the best ways to administrate and assist with this endeavour is with a robust software package specifically designed with risk management professionals in mind.

Risk Wizard UK

At Risk Wizard UK, we work closely with risk management professionals to develop intuitive, fully-functional, and affordable software solutions. Try Risk Wizard today.