GDPR or General Data Protection Regulation is a set of regulations that requires the protection of personal data and privacy of all individual citizens of the European Union and the European Economic Area(EEA) for all transactions that occur within. GDPR applies for all the businesses which are established in the EU member states as well as those who are in association with any EU companies. It has been in function since 2016 and has improved data privacy throughout Europe.
The companies who fail to comply with the regulations of GDPR have been fined for violating the conditions of the European Union. The businesses must provide detailed information on the requirement of their consumer’s data such as email address, and follow strict rules regarding how they store and use such data.
The Possible Now GDPR implementation requires the companies working around the 28 states of Europe to show compliance to avoid penalties. This includes any company around the world which stores and processes personal information about European citizens. The specific criteria required to comply are:
A presence in a European country or outside while working with the information of European citizens.
A company with over 250 employees or below 250 employees if it processes data which impacts the rights and freedom of their consumers, or if it includes sensitive personal data of the individuals.
These two criteria include almost all the companies which operate on the internet. It helps in providing top security to the citizens of European countries.
Who is responsible for compliance?
GDPR defines several roles which are responsible for ensuring compliance such as data controller, data processor, and data protection officer. These three groups are responsible for providing security to the data of the users. GDPR requires companies to have a DPO process or store large amounts of EU citizen data and monitor their identity safety.
Here are ten facts that you need to know about Europe’s GDPR requirements
Every business with Europe needs to comply on GDPR
Even if you are selling goods to European countries and getting the transaction done through the internet, you are dealing with personal data and your company should be GDPR compliant. It is critical to implement a compliant platform on all your communications, so the personal data remains secure.
You need a Data Protection Officer
Big or small, your industry will need a DPO who will be responsible for the security of the processing of all categories of data. The DPO for providing several roles such as monitoring the behaviour tracking, respecting public authority, and following the protocols which comply to GDPR.
Personal data has a new definition
In earlier days, protection of data was only limited to account numbers or ID numbers during the transactions, birth dates, address and phone numbers. While keeping this information secure, GDPR has expanded the security even further. Now, personal information means “any information relating to an identifiable person who can be directly or indirectly identified in particular by reference to an identifier.” All the social, mental, economic, cultural, and even genetic information will now be confidential and the responsibility of all companies to keep private.