“Personal data shall be processed in a manner that ensures appropriate security of the personal data, including protection against unauthorized or unlawful processing and against accidental loss, destruction or damage, using appropriate technical or organisational measures” ~GDPR Article 5, clause 1(f).
From May 25, 2018, organizations will be dealing with penalized under General Data Protection Regulation (GDPR) if they violate its privacy laws. EU parliament approved and adopted the GDPR in April 2016 and it will be implemented next month, forcing numerous organizations to change their data protection policy. The deadline is May 25, 2018. It will also restrict companies from circulating data to the third parties to control unwanted marketing and reduce the risk of data selling.
What is GDPR?
GDPR is a regulation to protect the personal data and privacy of EU citizens for transactions within 28 member states of EU or even outside. It regulates the exportation of personal data outside EU. Also, it give users more control over how the organizations use their personal data. If companies fail to comply with the rules, they have to pay hefty penalties.
What all data does GDPR protect for the users?
Identity information like name, address and ID numbers
- Web data such as location, IP address, cookie data etc.
- Health data and genetic data
- Biometric data
- Racial data or ethnic data
- Political opinions
- Sexual orientation
Why did EU Parliament adopt this regulation?
The users in EU were doubtful on how companies treat their personal data, creating a mistrust in the users. According to the WARC survey, 85% users say they would boycott a company that showed disregard for protecting consumer data.
Are you under the risk of GDPR?
Any company that stores or processes personal information of EU citizens within EU states will drop under GDPR. Even if your company does not have a business presence within EU, but processes personal data of EU residents you are under the GDPR. A company with more than 250 employees or less, whose data processing impacts the freedom of data subjects will also be affected.
A survey from PwC showed that about 92% of the US companies consider GDPR a top data protection policy.
Continue read…https://blog.galaxyweblinks.com/data-security-matters-know-everything-about-gdpr-requirements-compliances-and-deadline/