GDPR

What is GDPR?

  • GDPR stands for General Data Protection Regulation. 
  • It is the toughest privacy and security law in the world. Though it was drafted and passed by the European Union (EU).
  • It imposes obligations onto organizations anywhere, so long as they target or collect data related to people in the EU. 
  • The regulation was put into effect on May 25, 2018.
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Why should I carry this Standard ?

  • The GDPR will levy harsh fines against those who violate its privacy and security standards, with penalties reaching into the tens of millions of euros.
  • With the GDPR, Europe is signaling its firm stance on data privacy and security at a time when more people are entrusting their data with cloud services and breaches are a daily occurrence. 
  • The regulation itself is large, far-reaching, and fairly light on specifics, making GDPR compliance a daunting prospect, particularly for small and medium-sized enterprises (SMEs).

Who needs GDPR?

  • According to the way GDPR is written, it applies to any entity (any person, business, or organization) that collects or processes personal data from any person in the European Union. For example, any business that accepts orders from EU-based users must be GDPR compliant. Anyone who has a website that collects data about its visitors and can receive visitors in the EU also needs to be GDPR compliant.
  • The law is written this way because it’s designed to protect the data and privacy rights of any internet users within the EU, no matter where they go online or where they shop.
  • So in general, if you do business with EU residents, you’re required to comply with GDPR.

How long does it take to get this implemented ?

A data audit typically takes 4-6 weeks and should be conducted by analytics experts who work closely with stakeholders, and who understand how the data will ultimately be applied throughout your organization

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Objectives of GDPR

Harmonization of data protection laws

GDPR aims to create a uniform set of data protection rules across the EU, making it easier for organizations to understand and comply with the regulations.

Strengthening individual rights

GDPR empowers individuals by giving them more control over their data, providing them with rights such as access, rectification, erasure, restriction of processing, data portability, and the right to object.

Enhancing data protection and privacy

GDPR requires organizations to implement appropriate technical and organizational measures to ensure the security and confidentiality of personal data.

Advantage GDPR

  • Legal compliance. Avoid fines and penalties.
  • Enhanced reputation. Demonstrate commitment to data privacy.
  • Operational efficiency. Streamline data management processes.
  • Risk management.
  • Competitive advantage

Key principles of GDPR

 Lawfulness, fairness, and transparency:  Personal data must be processed lawfully, fairly, and transparently, ensuring individuals are informed about how their data is being used.

Purpose limitation:  Personal data should be collected for specified, explicit, and legitimate purposes, and not further processed in a manner incompatible with those purposes.

Data minimization:  Only the minimum necessary amount of personal data should be collected and processed to fulfil the stated purpose.

Accuracy: Personal data must be accurate, kept up to date, and corrected or deleted as necessary.

Storage limitation: Personal data should be retained only for as long as necessary to fulfil the stated purpose.

Integrity and confidentiality: Personal data must be processed securely, protecting it against unauthorized access, disclosure, or destruction.

Accountability: Organizations must take responsibility for their data processing activities and demonstrate compliance with GDPR.

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