You may remember pre-May 2018 when everyone was gearing up for the new General Data Protection Regulations (GDPR) to come into place. It meant that businesses of all sizes had to prepare for big changes in the way they collected, stored and shared data. Today, all existing and new businesses must ensure they are GDPR-compliant; otherwise, they could face cybersecurity breaches, backlash and potentially a huge fine.
As a business owner, you need to run regular checks to ensure you are meeting all the GDPR guidelines and keeping up with any updates. And that applies whether your business is well-established or just getting off the ground. One of the best ways to assess your compliance and highlight any areas of your security that could be improved is to run a GDPR gap analysis.
But what exactly is a gap analysis and how do you run one? In this guide, we’ll take a look at how running a GDPR gap analysis can be beneficial to your business and how to do it. Read on to find out more.
What Is a Gap Analysis and What Does It Involve?
To be able to run an effective gap analysis, you must first make sure you have a strong understanding of GDPR and what is expected of your business. The best way to do this is to get clued up on General Data Protection Regulations and then take a look at a GDPR checklist to make sure you’ve got all the right processes in place, and that you’re doing everything right to ensure compliance.
A gap analysis does what it says on the tin: It highlights any areas of your business and GDPR efforts that need improving. To run a gap analysis, you need to find the right tool for your business. It’s a good idea to explore your options and take a look at some different tools before settling on one. There is a mixture of free and paid-for options and while the free options can be great in the early stages of your GDPR efforts, these are usually less comprehensive. As such, you may need to invest in better tools down the line as your business collects more and more data.
Before running your analysis, it’s a good idea to do your research and ensure you choose the best and most cost-effective tools for your business.