Your organisation collects huge amounts of customer data - but how do you keep this data safe? We’ve got the lowdown on meeting your data compliance requirements. #businessadvice
Your business faces an increasingly complex regulatory landscape when it comes to data privacy, consumer protection and industry-specific compliance requirements.
Keeping on top of these compliance requirements is a complex task. Failing to meet your requirements can have serious implications, with non-compliance (whether intentional or accidental) resulting in legal repercussions and possible reputational damage for the company.
Taking excellent care of your customer data
We live in a digital world, where your organisation collects huge amounts of data from your customers. This includes contact details, financial information, credit card details and detailed breakdowns of their spending habits and buying preferences.
In an effort to protect this data and preserve customer privacy, there are various data regulations that you must comply with.
A sample of these global data privacy laws include:
Depending on your organisation's home territory, and where you trade, there may well be international, national and local data regulations to comply with. That’s a lot to get your head around, especially if you’re new to business and not familiar with the legal framework.
So, what can you do to make your compliance journey simpler and as effective as possible?
Here are five simple steps to enhance your compliance:
Getting a grip on data compliance is a team effort. It’s important to work with legal, IT and data security professionals to ensure your organisation is ticking all the correct compliance boxes.
As your business adviser, we can connect you with experts in all the relevant compliance areas, so you get the advice, support and training you need as an organisation.