Why have a DPO? The economic benefits highlighted

The CNIL¹ has published a study entitled ‘What are the economic benefits of having a DPO in a company?’, which shows that appointing a Data Protection Officer (DPO) offers companies more than just compliance and legal protection; it also provides them with a valuable economic resource.

Here is an overview of the main benefits identified by the study:

• Competitive advantage: GDPR compliance reassures customers and increases the chances of winning bids.
• Reduced risk of penalties: the DPO prevents data breaches and safeguards the company's reputation.
• Fewer data leaks: its action enhances security and reduces the impact of cyberattacks.
• More efficient data management: less unnecessary storage, reduced costs, and better internal organization.
• A profitable investment: companies that view compliance as a lever reap measurable benefits.
  
  

You can find the entire CNIL study in original French language here:https://www.cnil.fr/fr/quels-benefices-economiques-du-dpo-en-entreprise

[1] Commission Nationale de l'Informatique et des Libertés, is the French Data Protection Authority.