Mazars Data Protection Newsletter - Issue 4
What is the impact of GDPR? One year in and the jury is still out. There have been only 41 published sanctions from data protection authorities across Europe in the first year: 21 of these were imposed by the UK’s ICO and 2 from Ireland’s DPC.
This is less than most of us anticipated at this point. So we still can’t see patterns and have little to reference when deciding on the risks we are accepting. This may have as much to do with the transformation that GDPR has driven in the regulators as mentioned further below.
On the flip side GDPR is not, as some suggested it would be, Y2k. The noise from the regulators has been consistent: they expect organisations to continue to mature and focus on demonstrating accountability. For maturing organisations, compliance now means the ability to make educated risk-based compliance decisions and to demonstrate accountability for these.
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Privacy & GDPR Services
GDPR came into force on 25th May 2018. Mazars has supported many organisations attain GDPR compliance. We will continue to provide support to our clients in refining and maintaining compliance as the regulatory and legal environment matures.
Governance, Risk & Internal Control
The Mazars risk management and governance team will provide you with specialist advice to provide you with greater assurance over the management of organisational risks.