Risk consultancy Comsure is holding a session next week to inform local businesses of the changes that will affect fintech, regtech and digital marketing when GDPR legislation is implemented next year.
The session, supported by the Digital Jersey Hub, aims increase awareness of the need to maintain EU adequacy when the legislation comes into place, providing businesses with a step-by-step guide to ensuring they are compliant.
This will be essential if businesses are to avoid tough penalties for failing to comply, including a fine of up to four per cent of annual turnover or €20 million, whichever is the greater.
Held on 7 June from 8am to 9.30am in the Hub, the breakfast briefing – 'Data Protection by Design and Default' – will look at potential developments including updates in network protection; embedded (automated) processes; employment opportunities of the need for certain companies to have a data protection officer or data protection adviser; and the key legal differences between the two.
Speakers include Mathew Beale, CEO of the Comsure Group of companies, and Marc Allenet, business development adviser to Comsure and Stay Private.
Paul Declat, Comsure Group Chairman, said: "Best practice is a standard often claimed, though rarely proven. GDPR has the requirement to maintain evidence of best practice – known in the finance industry as 'reverse burden of proof', which means you are assumed guilty until proven innocent. GDPR has significant potential to benefit those who adhere to best practice, while punishing those who do not.”
To take part in this free-to-attend event register here