The GDPR: 5 Questions Answered
In a rapidly evolving digital world, privacy issues are of concern to both businesses and individuals. The European Union is addressing these concerns with a new rule called the General Data Protection Regulation (GDPR), harmonizing privacy laws from throughout the EU and mandating a greater level of protection for the privacy of citizens’ data.
What does the GDPR say?
The GDPR is a complex regulation. Simplified, it mandates the following:
Why is the GDPR important?
Many GDPR provisions already exist in legislation in various countries. The GDPR allows these rules to be standardized across the EU, and to apply to non-EU data processors interacting with EU citizens’ data. With its focus on transparency, the GDPR mandates a previously unknown level of individual visibility into and control of personal data, with the aim of protecting the data of EU citizens and safeguarding their rights to privacy.
Who does the GDPR impact?
Called “increased territorial scope,” one of the major provisions of the GDPR is that it applies not only to EU organizations but to any processor of EU citizens’ data for the exchange of goods and services or monitoring behavior. This is true regardless of the physical location of the organization and is not predicated on the exchange of money.
What are the penalties for non-compliance?
There is a tiered fine approach to GDPR non-compliance. Penalties may be up to 4% of annual global turnover or €20 Million. Penalties apply to both data processors and controllers—the “cloud” is not exempt.
When does the GDPR take effect?
The GDPR regulations take effect on May 25, 2018.
For more details about the GDPR, see https://www.eugdpr.org/.
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