On May 25th, 2018, the General Data Protection Regulation (GDPR) went into effect. GDPR is a European privacy and security law establishing a new and improved global standard for privacy rights, security and compliance that should be observed by all organizations.
GDPR is designed to provide data subjects with more control over their personal data and simplify the set of data protection rules across Europe. This allows EU citizens to understand how their data is being used and also raise concerns, even if they are not located in that country. These benefits are likely felt the most by consumers and regulators.
However, as a company you can see a few benefits as well:
• Enhance your Cybersecurity by adopting administrative and technical measures to protect European citizens personal data
• This will include an audit of all personal data
• Minimize the data you collect and organize it for easier access
• Detect redundant, obsolete data and clean it up which will cut the costs of your storage
• New visibility on your customer data allowing you to gain more insight into your customers
The purpose of personal data protection is not just to protect personal data but to protect the rights and freedoms of people related to that data. Data protection regulations are necessary to safeguard a fair, consumer friendly environment. To ensure that personal data is secure, it is important to know what data is being processed, why it is being processed and for what reason. Not complying with the personal data protection regulations can lead to consequences and precarious situations.
GDPR is important, even for businesses outside the EU.
Our Infrastructure Team can help you understand the requirements and guide you through the process to become GDPR compliant.