The General Data Protection Regulation (GDPR) was introduced to protect the privacy of EU citizens’ personal data. It applies to any company worldwide, regardless of location, that collects, processes, or stores personal data of EU citizens.
The regulation has significant consequences for non-compliance, including fines of up to 4-5% of a company’s global annual revenue or a maximum of €20 million.
It’s crucial for companies to be aware of their obligations under the GDPR and to take appropriate measures to ensure compliance. Failure to do so can result in serious reputational and financial consequences.
The GDPR, or General Data Protection Regulation, is a comprehensive regulation aimed at ensuring the privacy rights of European Union (EU) citizens by regulating the export of their personal data outside the EU. The regulation gives EU citizens more control over their personal data and defines personal data as any information that relates to an individual’s private, professional, or public life, including but not limited to names, addresses, photos, email addresses, bank details, social media posts, medical information, and IP addresses.
The definition of data consent under the GDPR has been strengthened, with parental consent required for minors and citizens given the right to erasure, or the ability to demand that their data be completely erased from an organization. Additionally, the GDPR gives citizens the right to information and access to the personal data being stored by organizations, and the right to make Data Subject Access Requests for the data held by organizations about them.
With such a broad scope, companies need to thoroughly review all aspects of their data collection and storage processes to ensure compliance with the GDPR and avoid potentially severe penalties for non-compliance, which can include fines of up to 4-5% of global turnover or €20 million.
The General Data Protection Regulation (GDPR) applies to companies that process personal data of individuals within the European Union (EU). To determine if a company outside of the EU is subject to the GDPR, it must first assess whether it collects and stores personal data of EU citizens.
Once this has been established, the company must then identify and assess the ways in which the data is processed, stored, and transmitted. This includes implementing necessary tools and systems to ensure full compliance with the GDPR regulations. The final step is to undergo an audit to verify that the company is in compliance with the GDPR.
Compliance with the General Data Protection Regulation (GDPR) is mandatory for all companies processing personal data of EU citizens. One of the key requirements is the appointment of a Data Protection Officer (DPO). The DPO can be an employee within the company, but there must be no conflict of interest and strict protocols must be followed to avoid fines.
Alternatively, a virtual DPO service, offered by 100% Security Labs, can handle all aspects of GDPR compliance. Our team has the expertise and tools to help you identify, design, and implement the necessary solutions to ensure full compliance with the regulation.