GDPR STATEMENT
The General Data Protection Regulation (GDPR) is a comprehensive data protection law that came into effect in the European Union (EU) on May 25, 2018. GDPR is designed to protect the personal data and privacy of individuals within the EU and the European Economic Area (EEA), including the UK after the Brexit post, as well as regulate the export of personal data outside the EU and EEA.
KEY ASPECTS OF GDPR INCLUDE:
1. EXPANDED SCOPE
GDPR applies to all organisations that process personal data of individuals within the EU and EEA including the UK after the Brexit post, regardless of whether the organisation is based in the EU or not. It also applies to organisations outside the EU and EEA that offer goods or services to individuals in these regions or monitor their behaviour.
2. ENCHNANCED RIGHTS FOR CLIENTS
GDPR grants individuals greater control over their personal data by providing them with rights such as the right to access their data, the right to rectify inaccuracies, the right to erasure (also known as the right to be forgotten), and the right to data portability.
3. ACCOUNTABILITY AND GOVERANCE
GDPR requires organisations to implement measures to ensure compliance with data protection principles, such as data minimisation, purpose limitation, and data security. Organisations must also appoint a Data Protection Officer (DPO) if they process large amounts of personal data or engage in certain types of processing activities.
4. DATA BREACH NOTIFICATION
GDPR mandates that organisations report data breaches to the relevant supervisory authority within 72 hours of becoming aware of the breach, unless the breach is unlikely to result in a risk to the rights and freedoms of individuals.
5. SIGNIFICANT FINES FOR NON-COMPLIANCES
GDPR imposes substantial fines for non-compliance, with penalties of up to €20 million or 4% of global annual turnover, whichever is higher.
GDPR represents a significant overhaul of data protection regulations and has far-reaching implications for organisations that handle personal data. Compliance with GDPR requires a proactive approach to data protection, including implementing appropriate technical and organisational measures to safeguard personal data and respect individuals' privacy rights.
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