The EU General Data Protection Regulation (GDPR) will come into effect on 25 May and the two-year transition period from the Data Protection Directive (95/46/EC) will come to an end.
Many organisations are still unsure of what the GDPR is and how it will affect their day-to-day operations. Below is a quick breakdown of the basics.
The GPDR is the new regulation that will safeguard the data rights of EU residents and define how their data can be handled by organisations.
The GDPR was adopted in April 2016 and entered into force on 25 May 2016. However, it will only become fully enforceable and binding from 25 May 2018.
All organisations that collect and process personal data of European residents need to comply with the GDPR.
The Regulation will apply to any organisation based in the European Union, and to any organisation outside the EEA that processes European residents’ personal data.
The GDPR applies equally to each EU member state. The new regulation will supersede EU member states current privacy laws.
At the same time that EU member states must establish their own authorities and processes to embrace the new regulation, companies must also establish technical and administrative measures to comply with the GDPR.
The GDPR is a perfect example of how the EU is at the forefront of individuals’ rights. The Regulation will create identical data protection conditions for all EU regions and harmonise their legal frameworks.
The GDPR gives the control back to citizens and puts legal force behind the safeguarding of their private information by reinforcing existing rights and creating new ones. When the Regulation takes effect, individuals will have the following rights:
- The right to be informed
- The right of access
- The right to rectification
- The right to erasure
- The right to restrict processing
- The right to data portability
- The right to object
- Rights in relation to automated decision-making
Become familiar with the GDPR
If you want to get to know more about the GDPR, don’t hesitate to download our free green paper to start developing a deeper understanding.
It is essential to get your company ready for and to comply with the Regulation. Fines for failing to comply are up to €20 million or 4% of annual global turnover, whichever is greater.