Archive: December, 2017

GDPR

Data and oil have much in common. Both require pipes, careful temperature control and have the ability to generate vast fortunes.

EU regulators have cottoned on to this and have been busy drafting the General Data Protection Regulation (GDPR). In the UK this will replace the Data Protection Act 1998 and introduce tougher fines for non-compliance and breaches, and give people more say over what companies can do with their data. It also makes data protection rules more or less identical throughout the EU and come into effect on 24 May 2018.

There is plenty of advice for procurement professionals, for example, Supply Management’s article with the eye catching title of When data is breached the CPO will be fired first.