Companies who handle the personal data of EU citizens must now take measures to ensure they are in compliance with the General Data Protection Regulation (GDPR), which goes into effect on May 25, 2018. This means that all companies handling the personal data of European Union citizens must take steps to make sure they are compliant with the GDPR. The GDPR is a new set of regulations around how companies handle personal data, and what you should know about it if your company handles the personal data of EU citizens or customers. There are many articles about how the GDPR will affect businesses and their day-to-day operations. But do you know if your company is prepared for it? If not, then read on to find out what you need to know about GDPR so you can make sure that your business is compliant before it goes into effect.
What is GDPR?
GDPR stands for General Data Protection Regulation. It is a new set of regulations around how companies handle personal data, and what you should know about it if your company handles the personal data of EU citizens or customers. GDPR is a regulation which will be applied to all companies who handle the personal data of EU citizens, regardless of where they are based. It aims to create a standardized data privacy law across all EU countries. The GDPR will replace the Data Protection Act 1998. The EU has been working on GDPR for several years, and on May 22, 2016, the EU Parliament voted to approve GDPR. The GDPR has been in the works for many years, and GDPR compliance is now essential for all organizations that deal with EU citizens’ data.
Why is the EU GDPR being put in place?
The GDPR is being put into place as an extension of regulations that have been in place since 1995. Companies have had two decades to get their operations in order. Now that GDPR is going into effect, the EU is revising and strengthening these 1995 regulations. The EU GDPR is being put in place as a way to protect the EU’s citizens from data breaches. Personal data includes all data that can be used to identify an individual. This includes things like names, addresses, email addresses, health records, and more. Companies that collect and store this data are required to follow strict guidelines to protect it from malicious attacks.
Which companies must comply with the GDPR?
Any company that is based in the EU and handles the personal data of EU citizens must comply with the GDPR. This includes any company whose customers are EU citizens. So even if your company is based outside the EU, if you collect data from EU citizens, you must comply with the GDPR. Additionally, any company that is contracted or contracted by the EU must comply with the GDPR regulations. This includes any company that offers goods or services to an EU citizen.
What steps must you take to be compliant with the GDPR?
GDPR compliance is essential for all companies that handle the personal data of EU citizens. Fortunately, GDPR compliance is not as difficult as it seems. All you have to do is follow these six steps: – Identify all personal data in your organization. – Define where that data is being stored. – Process that data with integrity. – Secure that data from threats. – Retain that data for only as long as you need it. – Inform customers about how you collect and use their data.
The GDPR will bring new levels of protection and rights to EU citizens. For businesses, compliance with the GDPR means more protection against fines and lawsuits. GDPR compliance will be essential for companies in the EU and beyond. If your company is based outside the EU, you can still benefit from GDPR compliance. Companies who are compliant with GDPR will be more attractive to customers who want to remain secure when providing their data. In order to be GDPR compliant, companies must identify, secure, and retain data for only as long as they need it.