We are delighted to announce that CoreStack is now GDPR (General Data Protection Regulation) compliant. This is a critical milestone for us as we expand our business working with customers and partners in Europe.
GDPR is one of the most important data privacy regulation in two decades. It strengthens data privacy and its protection in the European Union (EU) and the European Economic Area (EEA). Non-compliance to GDPR can be a very costly mistake – fines up to €20 million, or 4% annual global turnover – whichever is greater. More importantly, a significant loss of credibility.
Our customers and business partners can now be free of any anxiety, whether CoreStack – their strategic technology partner – is GDPR compliant or not. This will enable them to focus their energy and attention on innovation.
Being GDPR compliant has been a strategic priority for us this year. Over the past few months, it has been an excellent cross-functional collaboration – Sales, Marketing, Product, HR, Finance, Customer Success, and Legal – to finish a tough audit process successfully. We even closely collaborated with our customers to understand their key requirements to work with GPDR compliant vendors confidently.
Earlier this year, we also implemented ISMS (Information System Management System) and got ISO 27001: 2013 certification. These milestones are a testimonial of the focus we lay on building processes to deliver high-quality solutions to our customers.
Eighty-five percent of the reasons for failure are deficiencies in the systems and process rather than the employee – Dr. Edward Deming, World Renowned Quality Guru