UK Companies Vulnerable to Hefty Penalties Due to Mail and Communication Mishaps

  • 76% of UK businesses experience human error in mail and communication management
  • 39% of businesses have experienced negative impact due to poor mail and communication management
  • Only 16% meet their mail management service level
  • 81% of businesses lack a digital mailroom, increasing risk for fines under GDPR

The General Data Protection Regulation (GDPR) is set to impose hefty fines on businesses that mishandle personal data. EDM Group’s research reveals that a majority of UK companies struggle with mail and communication management due to human error. This leaves them exposed to potential penalties of up to £17.5m. With only 16% meeting their service level, many firms lack digital mailroom solutions, further increasing the risk.

Factuality Level: 7
Factuality Justification: The article provides relevant information about the impact of GDPR on businesses and the importance of proper mail management. However, it could benefit from more specific examples or sources to support its claims and avoid using vague language like ‘a large amount’ and ‘many’. It also lacks a clear conclusion or call-to-action for businesses.
Noise Level: 4
Noise Justification: The article provides some relevant information about the impact of GDPR on businesses and the importance of proper mail management. However, it contains a few irrelevant details such as the specific fine amount (£17.5m) and the percentage of businesses not adopting digital mailrooms. It could benefit from more focus on the consequences of non-compliance with GDPR and how to avoid them.
Financial Relevance: Yes
Financial Markets Impacted: The implementation of GDPR can impact companies’ financial performance due to potential fines and increased costs for non-compliance.
Financial Rating Justification: This article discusses the financial implications of GDPR compliance, as well as the potential fines that businesses may face if they do not properly manage their data. It also mentions the cost of adopting a digital mailroom solution to avoid these issues.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.retailsector.co.uk