A few weeks ago, precisely on 31st July 2019, Taxaide Technologies Limited (Taxtech) and about 10 other firms were issued the Data Protection Compliance Organisation (DPCO) license. If you’ve been reading our recent bulletins on #TaxThursday, you would notice our emphasis on the Ws of DPCO; basically, discussing the what, who, why, when, how etc. If your company houses any data, internally or externally-related (and I can bet this implies virtually every organisation today), you need our services as a DPCO-licensed firm to protect and secure your data.
Data Protection is the next big thing and even the authorities are getting serious about it, going by the sanctions that would be meted out on organisations that get careless with their data. Data theft is rife now and imagine some hackers getting hold of your client data and putting them in jeopardy because you were too tight-fisted to loosen the purse strings a little to secure their data. Here’s what’s gonna happen.