As we all know, all the organizations rely on data to make their business decisions, optimize operations, create new products and services, and improve profitability. This data includes business-related data as well as personal data of its employees. There are many compliance procedures and standards applied for the business data before it is being used and shared. But what about personal data? Often, employees share very sensitive information like bank account information, medical records, personal email addresses, passport information, etc. So, the data citizens should be granted certain rights and protections relative to their personal information.
Governance Data Protection Regulation (GDPR) is an EU data protection law that came into effect on May 25, 2018. This gives the individuals more command over their data and brings more significant obligations on the companies processing personal data. Examples of where the GDPR allows greater rights for data subjects include introducing the rights for individuals to data portability and data erasure, along with the other current rights to object to processing and to be informed of request a copy of the personal data.
The implementation of the GDPR will require changes to business practices for the companies that do not already have a proportionate level of data protection set up. Companies working with partners will also have to ensure that these partners are GDPR-compliant too. Companies that are not GDPR Compliant will have to pay significant fines as well.
How to be GDPR Compliant?
• Obtaining consent
• Timely breach notification
• Right to data access
• Right to data deletion
• Data portability
• Privacy by design
• Potential data protection officers
GDPR assures that there is no data abuse, and it puts all the power in the hands of the customer when it comes to their data. It protects customers by improving customer data handling procedures. To make GDPR easily agreeable, we should view it as a positive force that has come to safeguard customer data rights in our increasingly accessible world. And just as it protects the customer, it also protects organizations from overstepping their boundaries.
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