General Data Protection Regulation (GDPR) – Why it matters?

Does your enterprise comply with the new data protection rules of GDPR? Find out more about GDPR and why it matters.

The General Data Protection Regulation (GDRP) has brought about a momentum change in data privacy legislation. The GDPR was created to protect customer information all through the European Union (EU) and develop a better system of responsibility when it comes to data breaches. The primary intent of the GDPR regulation is to unify and tighten data protection for individuals within the EU (European Union).

The GDPR aims to offer control back to residents and citizens over their personal data and to streamline the regulations for international business within the EU. The GDPR will replace the data protection directive of 1995 and will be enforceable form 25th May 2018, after which it will be directly applicable and binding.

Let’s understand more about GDPR.

What is the GDPR about?

The General Data Protection Regulation (GDPR) was created to bring in data protection legislation in line with the current ways that data is now being used. The GDPR will supersede the Data Protection Act of 1998 and introduce tougher fines for breaches and non-compliance. Data protection rules will be made identical across the European Union and people will be given more say over what organizations can do with their data.

Why was the GDPR created?

The GDPR was drafted as the EU wanted to give people better control over how their data should be used, since the earlier legislation was created before the internet and cloud developed new ways of exploiting data. Through tough enforcement measures and stringent data protection legislation, the GDPR hopes to improve data security. The EU also created the GDPR to give organizations a simple and clear legal environment in which to operate, wherein data protection laws will be made identical across the European Union. This will save businesses €2.3 billion per year.

Who does GDPR apply to?

Any controller or processor of data needs to abide by GDPR. A data controller is a person who states why and how personal data is processed, while a data processor is the person who does the actual processing of the data. The data controller can be any enterprise, be it the government, charity or a profit-seeking company. The data processor can be the IT firm conducting the actual data processing. Even if the controller or processor is based outside the EU, the GDPR will still apply to them as long as they handle data that belongs to EU residents.

When will the GDPR be applicable?

The GDPR will be applied in all EU member states from 25th May 2018. IT companies are gearing up to comply with the regulations of GDPR.

How can I make my organization comply with GDPR?

Your organization needs to understand what data you acquire and process the legalities. You will need to design privacy into your systems and data security needs to be increased. Policies and procedures need to be included in case of a security breach. Next, you will have to educate your resources about GDPR and introduce procedures that comply with the regulations. If you work with third-party suppliers, make sure that they too comply with the GDPR.

Has your enterprise made the changes that GDPR requires? Do you think it is difficult to comply with GDPR? Let us know your thoughts and questions on GDPR. We, at Outsource2india love to hear from you.

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