On May 25, 2018, the European Union’s General Data Protection Regulation (GDPR) takes effect. GDPR regulates the governance of personal data for European Union (EU) citizens with an emphasis on data security and privacy. The GDPR does not only apply to companies that operate in the EU. This regulation will also impact companies operating outside of the EU if they have any EU customers or personal data of anyone in the EU.
Networked Solution LTD has made information security and data privacy foundational principles of everything we do, and we recognize the importance of passing regulations to advance information security and data privacy for citizens of the EU. We take special pride in our role in helping small businesses get their IT ready for GDPR and demonstrating how our products help to provide a more secure environment for you and your customers. We are firmly committed to GDPR readiness.
The General Data Protection Regulation (GDPR) sets forth the rights of citizens of the European Union with respect to how their personal data is used, processed, and shared. The regulation outlines several important rights for individuals, including the right to access their personal information, ask for corrections, and request that an organization delete their information or cease sharing that information, to name just a few.
Meant to update existing EU privacy laws, GDPR extends regulatory requirements from any organization located in the EU to those who store or process the personal data of EU citizens. On May 25, 2018, organizations around the globe—from sole proprietors to small businesses to sprawling multinational corporations—will have to comply with the GDPR rules or face the threat of potentially heavy fines (up to 4% of the company’s worldwide turnover or 20 million Euros, whichever is higher).
While we cannot provide legal advice—and highly recommend you speak with a legal expert for any clarification on the laws as they’re complex and contain exceptions to the rules—we’re committed to providing you with excellent, usable resources to help you prepare for GDPR