Cybersecurity & Data Privacy
Do you keep people’s data?
Do you give out your data?
Well, this blog is for you …
Whether you share, store, process, or give out personal data, you have the responsibility to apply the rules and guidelines of GDPR. Note: if there are two or more identifiable data in an email or post, you must consider the GDPR rules and instructions before sending. For example – as basic as, an individual full name and date of birth, or full name and bank account, or full name and their home address could throw you in the deep-end of GDPR data breach. Also note that the people whose data you are managing is heavily relying on you to secure them from fraudsters – which is an enormous responsibility on anyone, so while we are pushing forward with digital innovation, businesses must also consider the people who have trusted them as a ‘data storer’.
Cybersecurity and Data Privacy
Cybersecurity and Data Privacy has been a hot topic in the last ten years and doesn’t seem to be stopping as technology took off to an advanced level. The landscape of information technology thou enticingly profitable and convenient is revolving faster than most businesses envisaged five years ago; thus, the threats on business’s information and assets being compromised by systems pirates is on the increase. GDPR requirements are fairness and transparency. Companies must adhere to the calling – because people want to know what business do with their data and to be assured that they are trusted with their information.
Payroll is an area that could be open to such pirates’ attacks. Thus, businesses must consider investing in their payroll tools. Data Breach is financially and reputably expensive. More and more people are becoming aware and responsible for their personal information because of the GDPR 2018 launch. Moreover, by the way, this finding is worldwide regardless of the region and despite the latest vibes of using cell phones to make Epayments and the likes. While companies are tirelessly upgrading their systems, cyber attackers are also upskilling their base to cause the maximum impact on businesses. The cyberwar can be controlled regardless of their skills, perseverance and their other sinful ways to destroy a company’s reputation.
In the same token, people are looking up to organisations to keep their data safe. So how do organisations balance the act of securing people’s information and fighting off cyber attackers?
In the last two weeks, we’ve looked at two businesses fined by the Information Commissioner’s Office (ICO) by a total of £306m. Think of what these company would have invested this amount into had they foresee the perilousness of hackers. Companies must change the dynamic of their ‘round table’, or ‘meeting of the minds’ conversations by keeping information technology for their entire organisation a focus point. A business should not shy away from vetting Human Resources and Payroll Systems; they must make time for it. There should at least be a bi-annual audit to ensure that their employee tools are fit for purpose and moreover, a business cannot conclude that enough has been done to secure people’s information because cyber attackers don’t have an expiration date, downtime or vacation. They operate 24/7 and 365 – they make it their job to unravel any complacent systems ideology.
At VPEF, we worked with trusted and qualified consultants that would help monitor your Human Capital Management tools. We off all-inclusive services and our approach were merely managing data-per-data auditing and unpicked any GDPR breach or possible gaps we might uncover. We do not offer one-size-fits-all service – because we engage in a robust data protection scrutiny of systems methods, processes and processors.
Read more about the ICO July 2019 findings/survey
Remember! Data Security Management is expensive and imperative. Businesses in the UK and EEA must keep in the for-front the guideline established under the GDPR 2018. A data protection supervisory authority can issue a maximum fine of up to 20million Euros or 4% of the total annual worldwide turnover in the previous fiscal year of the relevant undertaking for a critical case as that of British Airways defilement of the GDPR, or whichever figure is higher.
Watch out for our 2019-2020 international payroll workshops dates. And check out our payroll training events on our website and social portals.