Keys to complying with the GDPR on International Data Protection Day

Every year on January 28, the importance of protecting personal information is recalled on the occasion of International Data Protection Day, a date that invites you to reflect on the challenges of privacy in an increasingly digitized world. From CINC Consultancy, experts in Data Protection, we invite you to reflect on the importance of protecting your personal data and those of your customers.

The personal information that customers entrust to your company, such as names, addresses or bank details, is one of the most valuable assets you manage. Any breach can result not only in legal penalties, but in the loss of the trust you have built with them.

Complying with the GDPR (General Data Protection Regulation) is not optional: fines for non-compliance can reach 20 million euros or 4% of annual turnover. But beyond the regulations, protecting data is a matter of corporate responsibility and reputation.

What are the consequences of not protecting data correctly?

Fines and legal sanctions: Failure to comply with the GDPR can result in significant fines, up to 20 million euros or 4% of annual turnover, depending on the seriousness of the breach.

1. Fines and legal sanctions: Failure to comply with the GDPR can result in significant fines, up to 20 million euros or 4% of annual turnover, depending on the seriousness of the breach.
2. Loss of customer confidence: A security breach not only exposes sensitive data, but also directly affects the company’s reputation, which can translate into loss of customers and business opportunities.
3. Significant economic impact: Cyber-attacks not only generate direct costs, such as data recovery, but also indirect expenses related to lawsuits, reputational damage and loss of revenue.
   

The good news is that protecting data doesn’t have to be a headache:

• Know the data you handle: Analyze what information you manage and how you manage it.
• Train your team: Train your employees to prevent human errors.
• Technology to the rescue: Apply security measures: Implement tools such as encryption and two-step authentication – they are like putting extra locks on your treasures!
• Plan B ready: Have a clear protocol for reacting if something goes wrong. Better safe than sorry.

At CINC, we don’t just talk about data protection, we help you implement it. Our Advisory Department offers specialized services to ensure your company is GDPR compliant and ready to meet the challenges of the digital age. From audits to training, we’re here for you so you can focus on what you do best: growing your business.

For more information, please do not hesitate to contact our Data Protection Department.