Complying With GDPR: What all Organisations Need to Know
Data protection laws are more important than ever before as individuals are becoming more and more sensitive about privacy, data protection breaches are daily headline news and the regulatory processes are getting tougher.
The past few years have seen significant developments in data protection, including an increase in the exercise of rights and more aggressive enforcement by national regulators. The biggest change to the data protection landscape, however, is new regulation standards and rules. If data protection is not already high on your compliance checklist, it should be.
NEW REGULATIONS, NEW STANDARDS
The upcoming EU General Data Protection Regulations (GDPR) place major emphasis on enforcement, with potential increased penalties for breaches and fines of up to 4% of an organization’s annual revenue. In addition, they introduce mandatory data breach reporting requirements with a reporting deadline of 72 hours from detection of the breach.
The current EU data protection rules are a reflection of the technological landscape of their time. They came into force in 1995 when the Internet was still in its infancy and only about 1% of people used the Internet. The newly revised rules will begin being enforced in May 2018 and their depth should compel organizations to begin preparing now.
KEY DISTINCTIONS OF THE NEW REGULATIONS
Public sentiment about data protection has changed drastically as data leaks and breaches have become in- creasingly dramatic and politicized, and the GDPR reflects these changing opinions.
See the full white paper below.ABT-EMEA-EU GDPR Whitepaper-General