In a quote by German MEP Axel Voss, a prominent figure behind the evolution of GDPR ruling, he recently claimed that GDPR legislation could already be out of date.
Back in 2016 the directive to form GDPR ruling was recognised as a success in tightening a ring around how data was accessed, used and shared between businesses, organisations and individuals. Fast forward nearly 5 years since the legislation was first discussed, the COVID pandemic has propelled the way in which employees are now working, in a completely different direct. With many now remote-home-working and only around half wishing to return to an office full-time, GDPR ruling is no longer relevant to our current circumstances and neither is it ready for the next digital era with the rapidly evolving introduction of Blockchain, AI and Cryptocurrency.
GDPR Ruling needs to keep up with changes over the next digital era
Government legislation has always struggled to keep up with the digital sector and GDPR ruling is no different. Going forward there will need to be a new set of technical compliance rules drawn up based around remote-home-working and new digital IT technology which is gradually expanding in interest. GDPR ruling may needed to be reviewed far more regularly to keep up with these fast-paced digital changes; this could prove difficult when legislation takes so long to pass.
Does your company use and access customer / consumer data as part of it day to day activity? At Crendon Insurance we help companies to scrutinise how they use data, to protect both their customers and their company. To find out more about how our GDPR data protection insurance and Cyber Attack Insurance could help to risk assess and protect your data systems, please get in touch, or see our GDPR data protection website pages for further information.
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