If you collect and store personal data, you need to make sure you are compliant with the new GDPR legislation. Companies like Facebook and Google whose entire business is built on personal information will be the most affected, but all businesses – regardless of size – now need to make sure their data protection practices are up to date.
This article provides a simple outline of what the GDPR is, what it means to your business, and some of the steps you can take to ensure compliance. This is not provided as legal advice – should you have concerns over your compliance please consult a legal professional with the relevant expertise. In particular large organisations (250+ employees) who process a lot of data should already be fully prepared for the new laws as they will be more affected.
The General Data Protection Regulation is a set of consistent data protection rules which applies to any company who processes personal data about individuals in the EU.
Not just that of your customers – any personal data you hold relating to past and present employees and suppliers is also included.
If your business collects, stores and uses any personal information pertaining to an EU resident, it affects you.
The GDPR applies from 25th May 2018.
Certain violations of the GDPR can carry a fine up to €20m or 4% of global annual revenue.
For further information on your responsibilities and how to prepare for the GDPR please read this guide produced by the ICO.
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