GDPR - General Data Protection Regulation

GDPR (General Data Protection Regulation) as proposed by the European Commission was proposed to promote data protection for all individual residing in the European Union (EU). This a new EU Regulation significantly enhances the protection of the personal data of EU citizens and increases the accountability of organisations who collect or process personal data of EU citizens. The regulation built many requirements for data privacy and security, and adds harsher penalties for violations.

The primary objective of the GDPR is to give citizens back control of their personal data. If you control or process the data of EU citizens and based in or outside of the EU, the GDPR will apply to you.

Under the GDPR, if your organization suffers a breach of information assets related to EU citizen, the entity would be charged heftily and would need to notify the local data protection authority and potentially the owners of the breached records resulting in loss of reputation

GDPR - Benefits

• Protect an organization’s reputation
• Minimize security incidents
• Build customer trust
• Retain existing customers and attract new customers
• Facilitate data access
• Ensure a stronger enforcement of rules
• Enable accurate storage of customer data
• Enable adequate access control

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