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Executive Summary of EU GDPR: 10 Action Points for Compliance
The General Data Protection Regulation (GDPR) has been all over the news recently, and concerns all European Citizens whether based in Europe or not.
As the GDPR day fast approaches this Friday, May 25th, all companies of all sizes will have to make sure they are ready for the new regulations.
Personal data deserves respect and companies should make sure the data cannot be shared or used without the express permission of their customers.
If you are still struggling to understand how to comply with this new regulation, here is all you need to know about GDPR.
The deadline to comply with the European Union’s General Data Protection Regulation (GDPR) is just around the corner. In this article, we summarize the key points that you need to know about the GDPR and how to acheive GDPR compliance.
What is the GDPR?
The GDPR (General Data Protection Regulation) is a new European Union regulation which replaces the old Data Protection Directive (95/46/EC). The purpose of the GDPR is to consolidate data privacy laws across Europe with the objective of protecting all EU citizens from privacy and data breaches. The GDPR was approved by the EU Parliament on 14 April 2016 and following a two-year implementation period, comes into force on 25 May 2018.
When is the deadline for GDPR compliance?
As mentioned above, the GDPR comes into force on 25 May 2018 and companies/organizations have to comply with the GDPR with effect from the 25 May 2018.
What information does the GDPR apply to?
The GDPR applies to ‘personal data’, i.e., information which helps in identifying a natural person. Personal data includes the following information:
The GDPR also applies to sensitive personal data which includes racial or ethnic origin, political opinions, religious or philosophical beliefs, trade-union membership, data concerning health or sex life and sexual orientation, and genetic data or biometric data.
Who does it apply to?
The GDRP applies to:
What is a data processor and controller?
A data controller is an individual or a legal person who determines the purposes for which and the means by which personal data is processed. So, if your company/organization collects or retains personal data or decides why and how the personal data should be processed, it is the data controller. Note that employees processing personal data within your organization also fall under your company’s role as a data controller.
A data processor processes personal data on behalf of the controller. The data processor is usually a third-party external organization who processes the data on behalf of the controller. In the case of group companies, one entity may act as processor for another entity.
Both data controllers and processors are liable for any breaches of data privacy, and therefore a third-party external organization not in compliance with the GDPR would expose you to potential liabilities under the GDPR. As such, data processors are required to report any data breaches to the data controller and a data controller must maintain an appropriate procedure for reporting data breaches.
What is the penalty for non-compliance with the GDPR?
Organizations in breach of the GDPR can be fined up to 4% of the annual global turnover or 20 million Euros (whichever is greater).
What are the individual’s rights as per the GDPR?
The GDPR’s key elements include the following rights:
What can I do to comply with the GDPR?
Here are 10 action points for you to achieve compliance with GDPR:
If you require assistance in complying with the GDPR including drafting appropriate policies and amending your existing contracts, please do not hesitate in getting in touch with us.