GDPRWe're here to make sure you're prepared.
GDPR enforcement is only a few months away. It’s time to act!
CHANGES TO DATA PRIVACY LAWS ARE RUSHING IN. ARE YOU READY?
The EU General Data Protection Regulation (GDPR) is the most important change in data privacy regulation in 20 years ‐ we’re here to make sure you’re prepared.
Data privacy regulations have been streaming in for years. But what’s been called the most sweeping revision to European privacy and data protection legislation ever is coming. It’s time to prepare.
What is the GDPR?
The GDPR (General Data Protection Regulation) comes into force across the European Union on 25 May 2018 introducing substantial changes to European data protection law, along with severe financial penalties for non-compliance.
The GDPR seeks to create a harmonised data protection law framework across the EU and aims to give citizens back the control of their personal data, whilst imposing strict rules on those hosting and ‘processing’ this data, anywhere in the world.
Why is it being implemented?
The aim of the GDPR is to protect all EU citizens from privacy and data breaches in an increasingly data-driven world that is vastly different from the time in which the 1995 directive was established. Current regulations are not tailored for the digital economy, which is a significant problem for both businesses and consumers.
What are the penalties of failing to comply with GDPR?
The financial penalties for failing to comply with the GDPR are clearly defined: for each instance of noncompliance, organisations could potentially face a fine of up to 20 million euros or 4 percent of worldwide annual turnover, whichever is higher. All indicators seem to show that the GDPR will be strictly enforced from day one. Companies should not assume they will be allowed a grace period during which they won’t be fined.
Who does the GDPR apply to?
Individuals, organisations, and companies that are either ‘controllers’ or processors’ of personal data and sensitive personal data will be covered by the GDPR.
The new regulation covers not only all businesses operating in the EU but also applies to any personal data of EU citizens which is stored outside the EU. If a company based outside the EU (such as a cloud storage service) stores data belonging to an EU, they are also subject to the new rules.
Pathways for pursuing GDPR readiness
Many organisations are aware that they need to take action now in order to prepare for the GDPR, but aren’t sure of the best way to get started. The truth is that there is no one right answer; where you start depends a lot on where you are now. That being said, IrishApps has identified several common pathways that have been of the highest priority for most organisations facing the immediate challenges of GDPR readiness, as well as various other pathways that companies might want to tackle in the future.
Benefits of complying
Complying with the GDPR is also a great way to gain the confidence of your customers and employees, increase visibility and understanding around your business, make quality data available to every business user and become more efficient. The benefits of GDPR readiness are just as good a reason to act as the risks of not complying. Now that you understand the urgency of GDPR readiness, IrishApps is here to help you go further. Whether you need help identifying the steps you may need to take or you’re ready to put in place a comprehensive information governance platform, we’re here to provide the assistance you need.
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I love engineering challenges. Working on new and exciting projects is what gets me up in the morning. Every project my team and I have created has taught us something new. We’ve been immersed in Software Engineering since 2001 and have evolved as a company through web, cloud, mobile, ai and more recently machine learning and block chain. I consider myself lucky to be involved in such as exciting profession and in a country that has embraced IT. If you want our experience and skills applied to your project or industry then give us a call and lets have a chat and see what we can achieve together.
Cathal Greaney and the IrishApps team.