• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Hartman Executive Advisors

Hartman Executive Advisors

Business & IT Strategy Consulting Firm

  • Business Strategy Consulting
  • IT Management Consulting
  • IT Strategy Consulting
  • Risk Management Consulting
  • Telehealth
  • About
    • Careers
    • Community
    • Our Team
    • Testimonials
  • Services
    • Business Strategy Consulting
      • CIO Consulting Services
      • CISO Consulting Services
      • Interim Executive Placement Services
      • M&A Advisory
      • Telehealth Consulting Services
      • IT Coaching & Mentoring
      • Organizational Development
      • Process Engineering
    • Risk Management Consulting
      • CMMC Compliance Services
      • Cyber Risk Assessment
      • Governance, Risk and Compliance
      • Incident Response Planning
      • IT Due Diligence
    • IT Management Consulting
      • Change Management
      • IT Portfolio Management
      • Vendor Selection & Management
    • IT Strategy Consulting
      • Core Banking System Selection
      • FinTech Consulting Services
      • IT Strategy Assessment
      • Software Evaluation
      • Software Selection
      • Virtual Event Technology
  • Industries
    • Construction
    • Education
    • Financial Services
    • Government Contracting
    • Healthcare
    • Human Services
    • Manufacturing, Retail & Distribution
    • Nonprofit & Association
    • Real Estate
    • State & Local Government
  • Resources
    • Blog
    • Case Studies
    • eBooks
    • Executive Technology Survey Results
    • Maryland CIO Roundtable
    • Speaking Engagements
  • Contact Us
(410) 587-0064 Request a Consultation
(410) 587-0064 Request a Consultation

GDPR Data Governance And Your Business

August 1, 2018 by The Hartman Team

eu flag in front of a business that uses gdpr for data governanceAfter several years of preparation, the European Union (EU) General Data Protection Regulation (GDPR) went into effect on May 25, 2018, for companies that collect and maintain information about citizens of the EU. The law is designed to give individuals better control over how their personal data is used online.

GDPR FAQs

Whether or not a company does business with EU citizens, leaders should consider GDPR a catalyst for stronger data governance within their organizations, and an opportunity to implement a customer-first mentality. No one wants their personal information to be used in unsolicited ways. Companies that respect their customers’ wishes will gain the ultimate reward — their loyalty.

Here are some basics and frequently asked questions:

What is GDPR?

In short, GDPR is a privacy law that focuses on baseline expectations for processing the personal information of EU citizens. It outlines restrictions on how companies can collect, use, and store personal information. You can read the specifics of the law here.

What Type Of Companies Need To Be Concerned About GDPR?

the phrase gdpr with eu stars around it showing the importance for businessRecognizing that data can travel well beyond the borders of the EU, GDPR provides protection to EU citizens no matter where their data travels or resides. As such, any company, anywhere, that maintains data on EU citizens, regardless of where they reside, is subject to GDPR. Organizations of all sizes that conduct business online are affected — from micro to multinational. No one is exempt. Ultimately, however, legal counsel needs to determine specific compliance requirements.

What Departments Need To Be Involved?

As GDPR centers on data collection and online privacy, it’s critical that companies coordinate their marketing, IT, and cybersecurity efforts to eliminate any confusion about role responsibilities and work toward compliance.

What Are The Consequences Of Non-Compliance?

In addition to a damaged reputation, non-compliance with GDPR could cost an organization up to 20 million euros, or four percent of the worldwide annual revenue of the prior financial year — whichever is higher. The exact amount is determined by how many provisions of the law are violated and to what degree.

What’s Coming Next?

businesses utilizing gdpr in business to secure dataIn June 2018, California passed the California Consumer Privacy Act of 2018 (CCPA), changing the landscape of privacy laws in the US. The CCPA gives citizens the right to bring a civil action against companies that violate the law and gives the state the right to bring charges against a company directly, levying a $7,500 fine for each alleged violation that isn’t addressed within 30 days. Other US states are planning similar laws. Asia-Pacific (APAC) countries are following the EU’s footsteps and framing data protection regulations modeled on GDPR, with Japan, South Korea, and Hong Kong leading the charge. The broader Asia Pacific Economic Cooperation (APEC) region is looking to pass a regulation similar to GDPR before 2020.

How Can Hartman Executive Advisors Help?

Hartman conducts an independent assessment of an organization’s current data governance risk profile to determine how it compares to the desired state of GDPR compliance. Then, Hartman works with leadership to develop a data policy strategy, gain buy-in from the board and senior management, and design a program to work toward any compliance requirements, including GDPR. Hartman coaches and guides the team on implementation of sustainable privacy processes, controls, and risk mitigation policies, and provides ongoing monitoring and advice related to the new privacy-controlled environments.

Not sure where to get started with GDPR and data governance? Contact Hartman today to learn more about how we help organizations design and implement data security policies that incorporate GDPR.

Filed Under: IT Strategy

Primary Sidebar

Types

  • Article
  • Press
  • Vlog
  • Webinar

Topics

  • Associations & Nonprofits
  • Construction
  • COVID-19
  • Cybersecurity
  • Digital Transformation
  • Education
  • Featured
  • Financial Services
  • Hartman News
  • Healthcare
  • Human Services
  • Interim Executive Placement
  • IT Due Diligence
  • IT Management
  • IT Strategy
  • Leadership
  • Manufacturing
  • Mergers & Acquisitions
  • Real Estate
  • Risk Management Consulting
  • State & Local Government
  • Strategic Services
  • Systems & Software
  • Telehealth

Related Blogs

Senior Living Technology Trends

Senior Living Technology New Year’s 2023 Resolutions: What Trends to Watch for  

January 27, 2023

The effect of globalization has catapulted the need for digitization. For senior living providers to remain competitive, they must stay on their A-[...]
Read More

Smart city

The Future Of Smart Cities & Steps Small Cities Need To Take To Get There

January 18, 2023

More than half of the world's 8 billion people live in cities, generating more than 80% of the global GDP. Today, cities are getting smarter. The [...]
Read More

Nonprofit Professional on the phone

Leveraging Data-Driven Analytics To Drive Mission Impact Throughout The Nonprofit Sector

January 11, 2023

Mission impact is an important metric for nonprofit organizations, but are nonprofits leveraging the tools they need to reach mission goals and [...]
Read More

Footer

It's Time to Reach Out
Are you ready for independent IT Leadership?
Contact Us

Hartman Executive Advisors

1954 Greenspring Drive Suite 320 Timonium, MD 21093
410-587-0064

Services

  • Business Strategy Consulting
  • Risk Management Consulting
  • IT Management Consulting
  • IT Strategy Consulting

Resources

  • Blog
  • Case Studies
  • eBooks
  • Executive Technology Survey Results
  • Maryland CIO Roundtable
  • Speaking Engagements
Sign Up for Our Newsletter
Subscribe to Hartman Executive Insights
  • This field is for validation purposes and should be left unchanged.

© 2023 Hartman Executive Advisors · Powered by 321 Web Marketing · Website Privacy Policy & Terms of Use