Next year Europe's data protection rules will undergo significant change - the biggest changes in over two decades.
Since the existing rules were created in the late 1990’s the amount of digital information we create, capture and store has increased significantly. Consequently the existing rules are no longer fit for purpose.
The replacement solution the European General Data Protection Regulation (GDPR), will come into force on May 25 2018 and will change how businesses and public sector organisations can handle the information of customers.
But what is GDPR and how should businesses prepare for the implementation of the new rules?
The GDPR is Europe's new framework for data protection laws – it replaces the previous 1995 data protection directive, which current UK law is based upon. After more than four years of discussion and negotiation, GDPR was adopted by both the European Parliament and the European Council in April 2016.
On Thursday 14th September PwC will host a roundtable which will see the firm bring together some of the North West’s leading businesses to discuss the implication of GDPR and will examine some of the areas that will ultimately need to be reviewed before May 2018 such as:
· Project structure - has the GDPR programme been setup to succeed by May 2018 (roles, budget and scope).
· Availability of skilled and experienced resources in the market to support programmes e.g. an experienced Data Protection Officer.
· Interpretation of the GDPR principles e.g. consent - how to put explicit consent in to practice (what is good enough?)
· Lack of documentation of existing data assets - leading to a lack of knowledge of where your PII exists.
· Existing data governance is not sufficient for management and retention of data.
Any businesses wishing to attend or who would like to discuss GDPR in more detail should contact:
Stephen Mills, PwC Director Data & Analytics North
The event will be held between 6pm – 9pm at Hawksmoor Manchester, 184-186 Deansgate, Manchester M3 3WB, UK