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History and Overview
The European Union (EU) introduced its data protection standard 20 years ago through the Data Protection Directive 95/46/EC. Since a Directive allows Member States a margin of flexibility when implementing into national law, Europe ended up with an array of privacy laws. With the increases in security breaches, technology advancements, and globalization over the past 20 years, new challenges have surfaced over the protection of personal data. Therefore, the EU has developed the GDPR.
The announcement to finalize GDPR was made in December 2015, and following a vote by the EU parliament, the GDPR will take effect on May 25, 2018. The intent is to strengthen and unify data protection for individuals within the EU, while controlling the export of personal data outside the EU. Simply, GDPR will give EU citizens control of their personal data. However, the comprehensive legislation surrounding GDPR has made it very hard for organizations across the world, which conducts business within the EU, to adapt and prepare for compliance with GDPR.
Non-European Businesses
Does GDPR apply to your organization? GDPR extends to non-European businesses that offer goods and services to data subjects in the EU and even those non-European businesses that monitor EU data subjects’ behavior, regardless of the non-European business maintaining an office or subsidiary in the EU.
Key Points
Implications of Accountability under GDPR
As GDPR focuses on accountability to organizations with access to personal data, these organizations must prepare to respond to requests from individuals who want to exercise their rights for the processing of their data. If an organization would suffer a data breach under GDPR, the following implications may apply, based upon the severity of the breach:
Act Now
Organizations have to revisit their IT strategies for alignment with GDPR; however, they also need to ensure that they continue to meet their business requirements and any impacts to the business based upon strategic initiatives.
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