The GDPR compliance is a new data protection law that came into effect on May 25, 2018. It replaces the 1995 EU Data Protection Directive and strengthens the rights of individuals over their personal data. The GDPR compliance applies to all businesses operating in the European Union (EU) and those outside the EU that process the personal data of EU citizens.
Key Provisions of GDPR Compliance
Some of the key provisions of the GDPR compliance include:
The right of access: Individuals have the right to request access to their personal data and receive a copy of it.
The right to rectification: Individuals have the right to request the correction of any inaccuracies in their personal data.
The right to erasure: Also known as the “right to be forgotten,” this allows individuals to request the deletion of their personal data if it is no longer necessary for the purpose for which it was collected.
The right to restrict processing: individuals have the right to request that their personal data is not processed in certain ways.
The right to data portability: Individuals have the right to receive their personal data in a machine-readable format and have the right to transfer it to another controller.
The right to object: Individuals have the right to object to the processing of their personal data for certain purposes, such as direct marketing.
The right not to be subject to automated decision-making: Individuals have the right not to be subject to a decision based solely on automated processing (including profiling) that produces legal effects or significantly affects them.
Implications for Businesses
The compliance has significant implications for businesses. They must be transparent about how they collect, use, and store personal data, and must obtain explicit consent from individuals for the processing of their data. Businesses must also have robust data protection policies in place and be able to demonstrate compliance with the GDPR compliance. Non-compliance can result in significant fines, up to 4% of a company’s annual global turnover or €20 million (whichever is greater).
The GDPR compliance represents a major shift in data protection law and has wide-reaching implications for businesses. It is important for companies to understand their obligations under the GDPR compliance and to take steps to ensure compliance. By doing so, they can protect the personal data of their customers and build trust with them.