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Global Data Protection Regulations known as GDPR will be effective from 25th May 2018. GDPR is regulation in EU law on data protection and privacy for all individuals within the European Union. The GDPR aims primarily to give control to citizens and residents over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU.
The GDPR extends the scope of EU data protection law to all foreign companies processing data of EU residents. It provides for a harmonization of the data-protection regulations throughout the EU, thereby making it easier for non-European companies to comply with these regulations; however, this comes at the cost of a strict data-protection compliance regime with severe penalties of up to 4% of worldwide turnover or €20 million, whichever is higher.
GDPR readiness review act will introduce the biggest changes to data protection law in Europe.
GDPR readiness review act will introduce the biggest changes to data protection law in Europe.
Understanding the GDPR is most important aspect of GDPR compliance
Organisations will need to be compliant with the new rules and should act immediately.
The first principle is relatively self-evident as organisations need to make sure their data collection practices don’t break the law and that they aren’t hiding anything from data subjects. Understanding of GDPR and its rules is essential for data collection, data transparency with data subjects.
Organisations should only collect personal data for a specific purpose, clearly state what that purpose is and only collect data for as long as necessary to complete that purpose. Processing that’s done for archiving purposes in the public interest or for scientific, historical or statistical purposes is given more freedom.
Data processing of personal data by the organisation need to achieve only for processing purposes. Data minimisation will help to restrict unauthorised individual in the event of a data breach, & only have access to a limited amount of data.
The accuracy of personal data is integral of data protection. The GDPR states that “every reasonable step must be taken” to erase or rectify data that is inaccurate or incomplete. Individuals have the right to request that inaccurate or incomplete data be erased or rectified within 30 days.
GDPR regulations directs organisations to delete personal data when it’s no longer necessary. The requirement of retention of data will vary between industries and the reasons that data is collected. Any organisation that is uncertain how long it should keep personal data should consult a legal professional.
Integrity and confidentiality principle deals explicitly with data security. The GDPR states that personal data must be “processed in a manner that ensures appropriate security of the personal data, including protection against unauthorised or unlawful processing ”.
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