GDPR : The New EU Data Protection Law.

GDPR

INTRODUCTION

On May 25, 2018, the General Data Protection Regulation will come into effect in the European Union. It replaces the 1995 EU Data Protection Directive and sets out stringent new rules around how personal data must be collected, processed, and stored by organizations operating in the EU. These rules apply to all types of organizations, regardless of their size or location. Breaches of this can result in significant fines.

 

What is the GDPR?

The General Data Protection Regulation (GDPR) is a new EU data protection law that came into effect on May 25, 2018. The GDPR replaces the 1995 EU Data Protection Directive. It strengthens EU data protection rules by giving individuals more control over their personal data and establishing new rights for individuals.

 

The GDPR applies to any company that processes the personal data of EU citizens, regardless of where the company is located. Companies that process the personal data of EU citizens must comply with the GDPR unless they can demonstrate that they meet certain conditions.

 

What are the key changes under GDPR?

The General Data Protection Regulation (GDPR) is a new EU data protection law that came into effect on May 25, 2018. It replaces the 1995 EU Data Protection Directive.

 

The GDPR sets out the rules for how personal data must be collected, processed, and stored by organizations operating in the EU. It also establishes new rights for individuals concerning their personal data.

 

Organizations that violate the GDPR can be fined up to 4% of their global annual turnover or €20 million (whichever is greater), whichever is greater.

 

What are the penalties for non-compliance?

Several penalties can be levied for failure to comply with the GDPR. These can include:

A fine of up to 4% of annual global turnover or €20 million (whichever is greater), whichever is greater.

Banning from processing personal data.

Banning from transferring personal data outside of the EU.

Publication of the details of the infringement.

 

If you are a health care professional read about HIPAA.

 

How can businesses prepare for GDPR?

The General Data Protection Regulation (GDPR) comes into effect on May 25, 2018. It replaces the 1995 EU data protection directive. The GDPR sets out the rules for how personal data must be collected, processed, and stored by organizations operating in the EU.

 

Businesses that are not prepared for GDPR may face heavy fines. The fines for non-compliance can be up to 4% of a business’s global annual revenue or €20 million (whichever is greater), whichever is greater.

There are several steps that businesses can take to prepare for GDPR. These include:

Step 1: Raise awareness.

Step 2: Document everything. 

Step 3: Review current privacy notices.

Step 4: Check your rights for individuals

Step 5: Review & update request procedures. 

Step 6: Identity, document & explain lawful basis. 

Step 7: Refresh existing consents.

Step 8: Protect the data of children. 

Step 9: Detect, report & investigate a breach of personal data.

Step 10: Adopt an approach to privacy & data protection.

Step 11: Designate a Data Protection Officer (DPO). 

Step 12: Determine your lead authority. 

 

How will GDPR impact marketing?

The General Data Protection Regulation (GDPR) is a new EU data protection law that came into effect on May 25, 2018. The GDPR replaces the 1995 EU Data Protection Directive. It strengthens EU data protection rules by giving individuals more control over their personal data and establishing new rights for individuals.

 

The GDPR applies to any company that processes the personal data of EU citizens, regardless of where the company is located. Companies that process the personal data of EU citizens must comply with the GDPR unless they can demonstrate that they meet certain conditions.

 

How will GDPR impact data storage and security?

GDPR has effected significant improvements in the governance, monitoring, awareness, and strategic decision-making regarding the use of consumer data. Further, the risk of incurring and paying out hefty fines has made companies take privacy and security more proactively

 

Will Brexit affect GDPR?

Brexit is an abbreviation of two English words: ‘Britain’ and ‘exit’ and refers to the United Kingdom’s (UK) withdrawal process from the European Union (EU). Article 50 of the Treaty of the European Union regulates the withdrawal process of any Member State.

 

The GDPR sets out the rules for how personal data must be collected, processed, and stored by organizations operating in the EU. It also establishes new rights for individuals concerning their personal data. Finally, it creates enforcement mechanisms to ensure that data controllers comply with the GDPR.

 

Brexit (/ˈbrɛksɪt, ˈbrɛɡzɪt/) is a movement that promotes that the United Kingdom (UK) leave the European Union (EU). The name “Brexit” is a portmanteau (merging two words together) of “British” and “exit”. On 23 June 2016, the UK made a referendum that asked whether the UK should leave the EU.

If you want to build trust in your services read about SOC for more details

 

CONCLUSION

This article provides an overview of the General Data Protection Regulation (GDPR), a new EU data protection law that came into effect on May 25, 2018. The GDPR replaces the 1995 EU Data Protection Directive. It strengthens EU data protection rules by giving individuals more control over their personal data and establishing new rights for individuals. If you are a business that processes the personal data of EU citizens, you must comply with the GDPR.