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GDPR Makes You Fat……and other scare stories

00Business Resilience, Business Risk, GDPR, Supply Chain RiskTags: , , , , May, 18

As we head towards GDPR day – May 25 – the number of scare stories about the new regulations seems to be spinning out of control.

The latest one claims half of businesses expect to be fined under the new rules: https://bit.ly/2IcnFYX . It is based on a survey which suggests businesses have put money aside in anticipation of a fine. In addition, we’ve heard of some sole traders who are so concerned about the regulations, they fear that they will need to close the shutters on their business.

The problem here is one of perception. Businesses may well be so worried that their way of dealing with the new regulations is to put money aside. But will they really be fined and does putting money under the mattress really help?  The ICO has been clear on so many occasions – fines will be the last resort. More info