The GDPR (General Data Protection Regulation) has been on everyone’s lips for over a year now. Every company has taken certain precautions, but it still seems to be a very complex topic with a need for clarification.
Companies with more than 9 employees (who have access to personal data) are even obliged to designate a data protection officer to ensure that all processes are GDPR-compliant. But what really needs to be considered?
Legal texts are all Greek for many people. For this reason, we took a closer look at the GDPR.
The GDPR (General Data Protection Regulation) is a regulation in the EU law, protecting the privacy of individuals in the European Union and the European Economic Area. It was introduced in May 2018 and it replaces the Data Protection Directive 95/46/EC.
First of all, there is a simple question. Why the GDPR was introduced at all when it causes companies many headaches and also leaves individuals with a large question mark behind?
It's simple. The GDPR allows people to have a better control over their personal data and companies can benefit from an equality of competition. This means greater data security for everyone - that sounds good! Nowadays, there are regular discussions about how secure our data really is on the Internet. In addition to social networks such as Facebook and Instagram other companies (e.g. Google) are also regularly criticised for their data management and we ask ourselves where our data is, how secure is it, and what happens with it?
This is where the GDPR comes in, as it regulates the processing of personal data of natural persons by natural persons, companies or organisations in the EU. It therefore protects us and our data. That's great!
In case a company does not work in line with the GDPR, penalties will be awarded. If an organisation does not comply with the regulation, fines will be increased (up to 20 million Euros or 4% of the company’s annual global turnover).
In order to get a general idea, you find some important principles of the GDPR below:
Please note that the information provided does not constitute legal advice. It is merely an attempt to shed some light on the subject.
More official information about the GDPR you can find here:
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