In an increasingly interconnected world, data security should be a high priority for every business. And for good reason – the risks are very real: data breaches, cyberattacks, and even state-sponsored data mining can jeopardise sensitive employee information and put your company’s reputation on the line.
Human Capital Management (HCM) systems house some of the most valuable data there is – personally identifiable information (PII), including employee names, addresses, national insurance and social security numbers, payroll details, performance reviews, and even biometric data.
The potential consequences of a data breach in this context are severe. Not only can it lead to substantial financial losses and regulatory penalties, but it will likely damage employee trust and tarnish a company’s reputation. The average cost of a data breach in 2023 was a staggering £3.86 million, a figure that continues to rise year over year. Remember the 2017 Equifax breach, which exposed the personal data of over 147 million people? It serves as a stark reminder of the devastating impact a single security lapse can have.
In the face of these risks, it’s no wonder that data protection regulations have become increasingly stringent. The UK’s GDPR, the EU’s GDPR, and the US’s various state-level laws all aim to protect individuals’ privacy and hold businesses accountable for safeguarding their data.
However, compliance isn’t simply a matter of checking boxes. It’s about creating a culture of security that affects every aspect of your HCM technology. Grosvenor Technology understands this, and we’re committed to building workforce management solutions that not only meet regulatory requirements but exceed them.
When investing in HCM technology, the question should not just be about functionality but also about the trustworthiness of the technology and the company behind it.
GTConnect: A Commitment to Data Protection
At Grosvenor Technology, we understand the importance of safeguarding your workforce data. Our cloud-based platform, GTConnect, is built with stringent data security measures from the ground up. We adhere to both UK/EU GDPR regulations and specific US data protection laws, ensuring that all sensitive information, including biometric data, is handled with care and with strict compliance.
UK/US Development & Manufacturing: Your Assurance of Security
Beyond compliance, we go a step further in offering an added layer of trust. Our software is developed and managed within the UK and US, and our terminals are assembled and quality-assured in these same regions. This means your data is never subject to the less stringent regulations or potential state-sponsored data mining practices found in some other parts of the world.
The Geopolitical Landscape and Data Security
In a world where digital borders transcend physical ones, it’s essential that a business consider the broader geopolitical context when choosing its technology partners. Recent events, such as the US ban on TikTok over concerns about data handling and potential foreign influence, highlight the critical importance of data security and sovereignty. Businesses need to be confident that their sensitive information is protected from unauthorised access or misuse.
With Grosvenor Technology, you can rest assured that your data is in safe hands. Our commitment to developing and manufacturing our solutions within the UK and US ensures that your information remains subject to stringent data protection regulations and avoids potential risks associated with less stringent regulatory environments.
Benefits Beyond Compliance
Choosing GTConnect isn’t just about ticking compliance boxes. It’s about partnering with a company that places data security at the heart of the technology and understands the varied challenges businesses face in today’s global environment.
By choosing GTConnect, you gain:
- Peace of mind: Knowing your workforce data is protected by the highest standards.
- Reduced risk: Mitigate potential threats associated with data breaches and unauthorised access.
- Trust and transparency: An accountable partnership with a company that values your data security as much as you do.
Prioritising Data Security With Ease
By now, most businesses know that data security is not a luxury; it’s a necessity, but many are challenged by the wide array of solutions available. By understanding the nuances of data provenance, the unseen risks of geopolitical influences and the complexities of compliance regulations across the globe, a business can make an informed choice when it comes to investing in a workforce management solution that will provide the protection needed.
At Grosvenor Technology, we’re committed to providing exactly those solutions. Our technology will empower your workforce while safeguarding their most sensitive information. With GTConnect, your workforce data is secure, allowing you to focus on what matters most – empowering your employees and growing your business.