The European Union General Data Protection Regulation [EU GDPR is a regulation that sets mandates & guidelines for the collection & processing of Personally Identifiable Information [PII] from individuals who live in the European Union [EU]. Since the Regulation applies regardless of where the Data Processors are based, it is applicable to any system that has European Users, even if they do not specifically market goods or services to individuals residing in the EU. The EU GDPR mandates that EU Users be provided adequate data disclosures. The system must also facilitate a timely notification in the event of a Security or Data breach. Adopted in April 2016, the Regulation came into full effect in May 2018, after a two-year transition period.
The General Data Protection Regulation [GDPR] is the toughest privacy and security law in the world. Though it was drafted and passed by the European Union [EU], it imposes obligations onto organisations anywhere, so long as they target or collect data related to people in the EU. The regulation was put into effect on May 25, 2018. The GDPR will levy harsh fines against those who violate its privacy and security standards, with penalties reaching into the tens of millions of euros.
Neumetric's EU GDPR Compliance services will make organisations EU GDPR compliant in just 3-4 months.
The GDPR requires businesses to take several steps to become compliant. These include but are not limited to:
The minimum size of a company that must comply with GDPR has been hotly debated among experts, but most agree that any company that processes more than 5,000 personal details on EU citizens per year must have a DPO on staff. This means that if you have a large number of customers in Europe, or if you're using data analytics to track people's behavior across multiple platforms (like Facebook), then it will be necessary for you to hire someone specifically focused on GDPR compliance.