GDPR: 3 Things to Learn
May 2018, GDPR goes into effect. Its tough new privacy requirements are designed to provide consumers with more control over how their data is collected, stored, distributed and destroyed. Under GDPR, personal data belongs to the Person, the rest of us are just custodians of their data.
What Is GDPR?
General Data Protection Regulation (GDPR) is a set of digital rights, recognizing the value and commoditization of personal data in the global digital economy. The regulation elevates personal data protection to a top legal compliance and strategic priority for companies around the world that work with the personal data of European residents.
“Regulation on the protection of natural persons with regard to the processing of personal data and on the free movement of such data.”
EU General Data Protection Regulation
The European Parliament, the Council of the European Union, and the European Commission created GDPR to strengthen data protection for residents as well as establish a single, unified set of legal requirements, including the export of personal data outside of the EU.
Its principle goals are to return control of personal data back to citizens and residents, and simplify the EU regulatory environment.
Who Will It Affect?
Not just a regulation for Europe, GDPR applies to any organization, anywhere in the world, that handles the data of EU citizens. Any enterprise that conducts business and retains personal information on even just one, single citizen in the EU.
Any business, agency or enterprise that processes or stores personal data throughout all industries and sectors: government, finance, education, hospitality, etc. If your organization interacts internationally, GDPR will likely affect your compliance requirements.
How to Prepare?
GDPR goes into effect on May 25, 2018. The new regulation significantly expands data protection laws regarding information security. Any organization, anywhere in the world, subject to GDPR standards, must comply with GDPR or be subject to penalties. What should you be doing to prepare?
- Understand your business information assets and information risk
- Deploy security measures
- Implement process for data subjects to access, correct, erase and shield personal information
Download the white paper, Understanding GDPR Compliance, at XMedius.com to learn more.
Going to Enterprise Connect 2018 in Orlando, FL? Join Tom Minifie, General Manager, AVST, when he presents GDPR: Impact on Security from EU to US on Tuesday, March 13.
Tom will cover:
- Data Breaches and Security
- GDPR: 12 Things to Know
- What Does it Mean for Your Enterprise?
- How to Prepare for GDPR
- GDPR and IT: Investing in Security