What is the General Data Protection Regulation (GDPR)?
The General Data Protection Regulation (GDPR), which goes into effect on 25 May 2018, creates consistent data protection rules across Europe. It applies to all companies that process personal data about individuals in the EU, regardless of where the company is based. Processing is defined broadly and refers to anything related to personal data, including how a company handles and manages data, such as collecting, storing, using and destroying data.
While many of the principles of this regulation build on current EU data protection rules, the GDPR has a wider scope, more prescriptive standards and substantial fines. For example, it requires a higher standard of consent for using some types of data, and broadens the rights that individuals have for accessing and transferring their data. Failure to comply with the GDPR can result in significant fines – up to four per cent of global annual revenue for certain breaches.
What is GDPR?
The General Data Protection Regulation (GDPR) is a new framework that will harmonize data protection rules across the European Union (EU). It goes into effect on May 25, 2018 and will govern how the MartFame Companies is regulated.
Many of the principles build upon the current data protection rules in place within the EU. But GDPR also places some new requirements on companies. GDPR will apply to any Workplace customer with users residing in the EU, even if the organization’s location is outside of the EU.
What is GDPR?
The General Data Protection Regulation (GDPR) is a new framework that will harmonize data protection rules across the European Union (EU). It goes into effect on May 25, 2018 and will govern how the MartFame Companies is regulated.
Many of the principles build upon the current data protection rules in place within the EU. But GDPR also places some new requirements on companies. GDPR will apply to any Workplace customer with users residing in the EU, even if the organization’s location is outside of the EU.
