What is GDPR?
The EU regulation, General Data Protection Regulation (GDPR) is a set of laws and regulations, that is designed to give transparency for everyone, provide a framework that helps define which data is considered sensitive or “personal data” and how data should be protected.
Along with that, came a lot of new options for the consumers, like understandable consent (without legal gobbly goop), data portability, right to be forgotten, right to access, and information about breaches.
GDPR brought a set of very serious conseqences for the companies found guilty of breaking the regulations within GDPR – thus giving companies an incentive to treat data with more care and protect it better.
Definitions
Why is it important to be GDPR compliant?
We all know that our data is being collected for marketing purposes, so that for example Google, Amazon and Facebook can target specific audiences effectively for their customers (the companies buying the advertisement).
It is always important to protect the data you collect and manage, especially today with how everything is entangled cross-platform – and even meta data can be used to profile and target people or even impersonate and commit fraud from the obtained data.
Pre-GDPR there was little incentive for companies of all sizes to spend money on security and data protection – but after GDPR, it can get expensive really fast for ANYONE breaking the regulatives.
GDPR is a major win for individual security and privacy.
What are the consequences?
The consequences of not adhereing to the regulatives within GDPR are defined as the following:
- 4% of annual global turnover or €20 Milion fine for serious infringements (for example not having sufficient customer consent to process the data or violating the “Privacy by Design” concepts of GDPR).
- 2% of annual turnover or €10 Milion, for not having your records in order (article 28). This includes, but not limited to;
- Failure to notify the Supervising Authority.
- Failure to notify the Data Subject about a breach
- Failure to conduct an impact assessment of a breach.
The rules and regulations apply to both the processors and the controllers – this means that no company / organization that handles or has the legal responsibility for the data is exempt from GDPR.
Does GDPR apply to me?
The short answer is Yes
The longer answer is that GDPR applies to every organisation that handles data from citizens within the EU.
That means that even if you are not operating from a EU Memberstate, you still have to comply with GDPR.
What can I do?
If you are not compliant at the moment, you should take very serious steps to become compliant as quickly as possible, as neglect is a serious offence in the eyes of the Supervising Authority and instead of a warning and a small fine, you can end up in the big boy bracket and get slapped with either of the big fines defined within the GDPR.
You can take the following steps:
- Obtain consent.
- Identify what data you store and if it is important for you to run your business – if not, delete it.
- Identify your potential risks of leaks and fix them.
- Implement processes for how you handle, how you keep and for how long you keep data. Work it into your routines so keep being compliant, and not just at the point of implementation of GDPR in your company / organization.
- Make sure you review your consents regularly and that you are handling data within the definitions of the consents recived.
- Hire a consultant with experience with identifying Personal Data and implementing processes that can easily be adopted into your daily workflow.