Skip to main content
When ISBA held its Data Protection Roundtable event in February all seemed straightforward. The EU General Data Protection Regulation (GDPR) would be introduced in the summer, giving companies two years to comply, or face a fine of €20 million, or 4% of annual global turnover for non-compliance, whichever is greater. However, that was before BREXIT. Chances are that we might still in the EU by the time the Regulation becomes law.
Privacy and Innovation
Ms. Denham added "One of the things I want to be clear about today is that I do not believe data protection law is standing in the way of your success." And she reminded her audience that "It’s not privacy or innovation – it’s privacy and innovation", adding that she wants companies to take responsibility for compliance.
The fact is that even when we leave the EU, companies that want to continue trading, sharing and transferring data with the single market will need to comply with the GDPR. You need to comply with the current law whilst working towards compliance with the new Regulation.
Taking a positive, customer focused approach
Let’s be positive. Rather than seeing compliance as an arduous chore, regard it as an opportunity to develop trust and confidence amongst your customers and prospects. Data protection and privacy need to be at the heart of not just what marketers do, but also the core of your company’s strategy, determining every point of contact. You need to aim high.
Your C suite ultimately needs to drive the necessary cultural change. Board members need to take accountability. Rather than meeting the basic requirements of the Regulation, you need to exceed your customers’ expectations. Take time to work out what good looks like.
Test and learn to determine the most effective option to gain consent from your customers. Under the new law, there is now a lot more to gaining consent than simply presenting pre-ticked boxes.
Many advertisers are great at communicating with their customers using imaginative ideas and creativity. But they might not so good at doing this internally.
ISBA's Upcoming Roundtable Event
ISBA is here to help. On 22 November we are holding a free, member only Data Protection Roundtable event, in association with the ICO. The event will provide insights on compliance from members, including:
Since Brexit, GDPR has dropped in importance across boardrooms throughout the UK. However, it would be very dangerous to reduce budgets established for compliance – you simply can’t de-prioritise.
Please login to add comments.