Only recently, the European Union’s General Data Protection Regulation, otherwise known as GDPR was ascended into a law. This new legislature is designed to cover different aspects in the business world such as human resources, technology, cybersecurity as well as marketing. Therefore, you need to make it a priority to make sure that your business is ready to accommodate every aspect of this new law that fosters the protection of the EU citizens.

Here is a list of some fundamental structures of the new law:

  • Companies will pay a penalty if they do not comply with up to 4 percent of global annual revenues or pay a fine of 20 million euros.
  • Every kind of business venture needs to have privacy protection in every stage of operation. Also, data collection will have new restrictions, especially when it comes to issues pertaining to minors and adults.
  • Timeline for the reporting of data breaches have to be set and also steps that a firm should follow while addressing them.
  • There should be a mechanism through which European citizens can delete all their personal data and determine how the said data should be used.

Is GDPR relevant?

The world we live in is extremely dangerous because even your local data can become a global phenomenon by a simple touch of a button. Therefore, the GDPR is seen as a very powerful protection tool. In the recent past, there have been pk-heading-numbered numerous cybersecurity breaches of big conglomerates has shown that there has been identity theft and immense loss of data. This new law designed to strengthen the security framework within European firms, so an organization can carry out beneficial business without risking personal-data.

The Scope of GDPR

The main question that many people have is whether or not the new law affects their businesses.  Suppose your business is not within the European Union, if you do business, store or collect information about any European citizen, then you need to know this law also affects you.

Typically, there are two types of information that this law outline:

Anonymized information

If you handle this type of data, then you will only adjust a couple of things. The legislation is meant to handle data that can be used to encrypt people’s privacy because the data can be accessed and be tampered with and it’s not easy to identify, there is no need to worry about security breaches or non-compliance.

Personalized data

This is exactly what the law is intended to cover. It features cyber protections that access sensitive data such as email address, home address, date of birth, your name, phone number and other crucial information.

The GDPR offers protection to health, gender, genetic, religious beliefs, biometric, union membership, sexual orientation and political partnership.

Presiding over your personal information

The way that you procure your customer data in accordance with the European’s GDPR legislation starts from the moment you secure your name. as soon as you get this, make sure that you outline the way through which you use the information and for what reason. Once you manage to do this, they can give you consent to collect information and store it.

Furthermore, all of your written communication needs to possess privacy notice in attendance. The information therein should be precise and vivid. Ensure to check out examples of approved privacy to determine the level of clarity needed. In addition, if you wish to adjust the way that you store or process your data, then you need to get approval from the people involved because they have a right to reject the request or rescind the previous one.

This is where the data portability of the law comes in handy. Once you have made a request, you can access all the information returned to you or raise your business with less speed. For this reason, you need to consider a reliable data tracking system to be able to implement the rights to be forgotten segment that is included in the new GDPR provisions. Last but not least, your business needs to hire a Data Protection Officer who will head everything to do with compliance. He or she is the data analyst and controller who can find and retrieve personal data for any European citizen that is in your system.

Data protection on your end

Because privacy is a crucial element in the GDPR provisions, the financial implications enacted on noncompliance in case of a data breach is considerable. For this reason, it is important that you include European citizen data privacy security and design into the functional process of the technological design. The best approach for this is just to automate it.

In conclusion, the GDPR is a crucial elemental law that will surely change how businesses and other bodies handle information.

Published with contribution by Ken Lynch – an enterprise software startup veteran at ReciprocityLabs.com

Total
0
Shares


Feel free to ask questions, send feedback and even point out mistakes. Great conversations start with just a single word. How to write better comments?
Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

The Best Practices in Recruiting New Employees

Recruitment is a process that can happen at any stage of a business or company’s operation and growth and is defined as a process that helps an organization develop a sizeable pool of qualified candidates for various positions. For this reason, recruitment won’t be successful unless the human resource management (HRM) has created a successful recruitment strategy. Depending on your…

Automating NIST Cybersecurity Framework

National Institute of Standards and Technology Cybersecurity Framework (NIST CSF) is responsible for coming up with policies that guide private sector firms in the United States. It improves the ability for these companies to prevent, detect and respond to cyber-attacks. Functions of NIST CSF Identify The NIST CSF helps you to understand the risks of cybersecurity to the systems, people…

Using cryptocurrencies to promote your business

If you want to secure success as an entrepreneur, you need to be willing to experiment with new techniques, strategies, and experiences. Otherwise, you could miss out on an exciting opportunity that has the potential to change your business for the better. One such opportunity is the chance to work with cryptocurrencies. If you are unfamiliar with this area of…

Understanding the Use of the term ‘LLC’ in Business

Starting a business and choosing a great name is only made more complicated when you must choose whether you want your business to become an LLC or a sole proprietorship. An LLC is beneficial for many reasons, and you must ensure that you follow the law regarding LLCs when you name your business. If you are considering running your business…

What to Do if You Can’t Work Due to Injury?

Although we live in a world where health and safety are prevalent and essential, accidents can still happen. They might occur at work, they could happen during our free time, or they can even take place when we are in the hospital being treated for and perhaps recovering from another issue. Sometimes these accidents are minor and don’t cause any…

8 Online Business Ideas You Can Try from Home

Modern technology has made it possible for anybody to conduct business from anywhere in the world. Thanks to the Internet, anybody who has the time and dedication can start an online business from home with very little capital. Aspiring online entrepreneurs can easily sell their products or services online using free websites. More successful online business owners choose to create…