In a speech at the Data Protection Practitioners’ Conference 2017 last week , the Information Commissioner, Elizabeth Denham, said that accountability was central to the reforms being brought in by the new General Data Protection Regulation (GDPR).
She emphasised that the GDPR was a ‘boardroom issue’, and organisations failing to demonstrate data protection compliance could be hit with substantial fines, as well as potential reputational damage.
However, Denham also said there were positive reasons that organisations should embrace the greater emphasis on accountability that the GDPR will bring.
“Accepting broad accountability for data protection encourages an upfront investment in privacy fundamentals, but it offers a payoff down the line, not just in better legal compliance, but a competitive edge. Whether that means attracting more customers or more efficiently meeting pressing public policy needs, I believe there is a real opportunity for organisations to present themselves on the basis of how they respect the privacy of individuals. Over time this can play a real role in consumer choice.”
Learn more about GDPR accountability
Watch a recording of the webinar “Accountability under the GDPR, and what it means for boards and senior management”, presented by IT Governance’s founder and executive chairman, Alan Calder.