Many businesses and establishments in Australia have gravitated towards digital means of performing the operations they need to accomplish. Plenty have used it for their communication at work, some utilise different cloud services for information storage and many more. Pretty much everything that could possibly be done electronically has been used so.
However, there are several risks associated with getting digital. Along with that, GDPR or General Data Protection Regulation was a rule that’s been instilled in the past for businesses that had European consumers’ data. Though, protecting your data has gone beyond the EU countries.
Globally, data protection and the GDPR’s regulations are something that every organisation should voluntarily strive to achieve. In this day and age, where more people are getting accustomed to going digital, it’s absolutely imperative to shield your data from cyber-attacks.
Here are a couple of reasons why GDPR compliances are significant to your organisation:
GDPR compliance means keeping sensitive information under wraps and ensuring that it doesn’t fall into the wrong hands. After all, certain data such as the health history, genetic data, sexual orientation and racial background of a person should be kept safely.
Other forms of data must also be monitored carefully, such as the words and opinions that are exchanged in correspondence. Having even a single conversation leak can be petrifying, so your organisation should be able to hold this information securely to keep everything private.
As stated above, GDPR was instilled in order to protect consumer data and to ensure their safety. So much personal information is taken and retained by many businesses, from the names, home addresses, ID numbers, credit card information and more.
Having these kinds of information leaks can jeopardise the safety of a client. It’s imperative to ensure that everything is under wraps to guarantee your customers’ well-being and deliver the secure service that they’re seeking from your organisation.
Complying with the GDPR means having an accurate mapping for the contents of your corporate data. Data mapping can be quite significant for various reasons, but mostly for the management of information that’s under your business’s possession.
Third-party providers such as cloud service providers and data archive handlers should be on the same page as your business when it comes to data mapping and GDPR compliance. Consult a cybersecurity expert on how that is best coordinated and achieved.
Any organisation that isn’t able to comply with GDPR or even perform any kind of data protection may get a bad reputation in the industry that they’re in. So many businesses are already executing proper cybersecurity practices that would ensure secure service and follow the GDPR. It’s imperative to keep your brand’s security at the same level or even better.
GDPR compliance is significant because of the potential penalties and fines that entail the opposite. Holding and leaking an EU customer’s data will tarnish the name of your organisation and warrant you some hefty fees. There have been establishments that have had to face fines that reach 20 million Euros, which can be hard or even impossible to come back from.
It’s necessary to take data protection much more seriously, considering the impact that it can have on your business and customers. There are also repercussions such as data breaches and debilitating fines your company should avoid, so be sure to get improved cybersecurity.
Aspiring for GDPR compliance in Australia? Rabbon is a cybersecurity company that provides consultations and help for organisations that need to minimise their cyber risks. Contact us today!
Cybersecurity is what we do
Rabbon is a Cybersecurity company based with offices in Sydney and Melbourne. We lead a team of Cyber security Consultants and GRC Consultants, who help organisations become cyber resilient by providing access to effective and affordable cybersecurity services. We believe that “Cybersecurity is for everyone“
You can contact our Cyber Security Consultants for an obligation-free consultation.
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