Wednesday, May 16, 2018

What you need to know about GDPR


GDPR stands for General Data Protection Regulation and it going to regulate personal data of EU citizens, which means collecting  or processing any information that can be used to identify a person.

It is supposed to :

- strengthen the rights of individuals over their own data                         
- make organizations accountable
- ensure equal protection of EU human rights

Who does GDPR applies to?

It applies to any data controller or data processor that is offering goods or services to the people in the European Union, as well as monitoring their behavior as far as their behavior takes place within the Union

The companies which are not located in EU but do business with clients or companies from EU must also comply with GDPR.

Data Controller is a company or an organization that collects and controls the data, makes the decisions about what is going to happen with it and how it is going to be used.

Data Processor is a company or an organization that works for and processes data on behalf of a data controller. A data controller decides the purpose and the manner in which the data will be processed, while data processors hold and process data, but do not have any responsibility or control over that data.

How does GDPR affect individuals?

Under GDPR Data subjects have the right to:

- Know what is going to be done with their data
- Have copies of all the data about them
- Have incorrect data corrected
- Have their data erased or forgotten
- Restrict processing
- Data portability
- Object to data being processed
- Not be subject to automated processing

What if you don't comply?

Companies that choose to ignore GDPR by not complying with it are going to pay high fines.

The companies who don't comply with core principles or data subject rights are going to pay administrative fines (20 million Euros or 4% of their annual turnover).

The companies who fail to comply data controller responsibilities are also going to pay administrative fines (10 million Euros or 2% of annual turnover).

Apart from material damage, these companies can risk losing their partners' and customers' trust.











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