Are you ready for GDPR?

March 1, 2018

 

I was interested to read that a new survey has revealed what charities think are the biggest risks facing their sector heading into 2018.

This is from some research, conducted by specialist insurer Ecclesiastical, which found that while the continued pressure on funding is top of the list (84%), the impact of potential government changes is second on the list of risks (72%). This is perhaps unsurprising given that 2017 saw the introduction of the Fundraising Regulator, further funding cuts and tax changes such as the rate of Insurance Premium Tax (IPT) increasing to 12%.

However the poll also revealed that new regulation is a growing concern, with General Data Protection Regulation (GDPR) being introduced in May 2018 fourth on the list at 65%, just behind reputational risk at 66%. 

 

Top 10 risks (charities who said they were concerned or very concerned):

1.       Funding 84%

2.       Impact of Government changes 72%

3.       Reputational risk 66%

4.       GDPR/data protection 65%

5.       Cyber/internet crime 63%

6.       Grant providers 62%

7.       Employer liability 53%

8.       Exposure to social media 51%

9.       Increased focus on governance 45%

10.   Impact of Brexit 44%

 

Full details are available from Charity Digital news report Dec 2017:

https://www.charitydigitalnews.co.uk/2017/12/14/new-survey-reveals-charities-top-10-risks/

 

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