General Data Protection Regulation
GDPR - What it is and what impact it has on you
On 25th May 2018 the new EU privacy regulations called the “General Data Protection Regulation” (GDPR) came into effect. The new Regulations imposes strict requirements on the way firms collect store and manage personal data. The new regulations provide EU citizens with greater control over their personal data and aims to ensure that the data is securely protected across the EU whether the data processing takes place in the EU or not. Personal data can be a name, address, date of birth, medical information, personal interests, any unique identifiers, digital footprints etc.
GDPR GIVES DATA SUBJECTS THE RIGHT TO:
Consent to allow collection and storage of data - Data Protection - Access to their personal data - Correct personal data - Not to be identified - Data portability - Be forgotten - Have data deleted.
GDPR impacts on all companies big and small who use personal data.
When considering your data risks, you should consider the GDPR rules that apply to your business, your GDPR system impacts and any legal impacts in relation to how you handle personal data.
You are required to have defined processes to manage your data obligations. GDPR will have a big impact on your business and potentially impact on marketing, sales, customer service, IT and all supporting Corporate Policies