One of the most pressing issues that you as a cloud accountant face is the impending GDPR (General Data Protection Regulation) which will directly affect you if you store data on any of your clients or prospects.
The General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679) is a Regulation by which the European Commission intends to strengthen and unify data protection for individuals within the European Union (EU). It also addresses export of personal data outside the EU.
When the GDPR comes in to effect which will be very soon, the European Union can fine you up to €20 million or 4% of your annual turnover if you are found to be in breach of the new laws data on EU Citizens to implement appropriate security measures.
A simple fix on data storage to prepare for this is to make sure all your data is stored on a GDPR Data Storage solution such as a Discashur DT
The iStorage diskAshur DT is the world’s first portable hardware encrypted hard drive with PIN code access and utilises military grade XTS-AES 256-bit hardware encryption, which encrypts all data stored on the drive in real time.
Due to a sharp rise in people wanting GDPR Data storage solutions stocks are continually running out so make sure to click here to get yours today
For further reading make sure to follow the EU General Data Protection Regulation 2016 that explains all the legal requirement for storing data that you need to know.
It covers key issues such as;
- GDPR data encryption,
- GDPR Data Storage,
- GDPR data portability,
- GDPR data security,
- EU data storage regulations
- GDPR hard drives,
We are no experts on this so make sure to do your own research and use your own due diligence but if you need advice or seek guidance on preparing for the new regulation then make sure to visit sites like www.coralcompliance.com who can walk you through the process.