GDPR is an important aspect of business in the 21st century. Coming into force in May of 2018, GDPR stands for General Data Protection Regulation and is responsible for the regulation of data and data protection for individuals across the countries the GDPR is currently operating in.
It is an EU law/regulation but is active in many countries across the world. These include Chile, Japan, South Korea, Brazil and even more, making it an important law in many countries of the world.
For businesses, you must follow the rules and regulations of GDPR as it is now a priority to protect the data of individuals. If you do not follow these rules, your business could be fined for up to 4% of its revenue and face other penalties. Companies from all industries have been left scrambling to comply with these rules as they are considered to be complicated.
In this article, we are going to discuss the very basics of understanding GDPR, with information on how it can affect a business and on individuals themselves.
GDPR Rights for Individuals
GDPR offers many rights for individuals living in countries where the regulations are active. These include the right to be informed and the right of access, which means the right to know when and why data is being collected, and the right to access that information/data.
From an individualistic perspective, these regulations are in favour of privacy and protection of data for people. This means that, from a business perspective, you must follow and abide by these regulations if you are operating within the borders of the EU, the UK or any other country that follows GDPR law.
GDPR For Businesses
For businesses, you must follow the GDPR laws in order to run your business successfully. As the GDPR has only just come into effect the past couple of years, the data protection laws are not enforced at an extreme level just yet. However, it is still important for you and your business to follow these rules.
There are six GDPR principles for businesses to follow: fairness/transparency, purpose limitation, data minimisation, accuracy, storage limitation and integrity/confidentiality. Businesses need to inform individuals on their data, how and why they are retaining it and that the information is in a secure database.
These values must be taken into account by your business and followed in order to ensure the protection of data for individuals.
How To: GDPR Audit
In order to make sure that you are following the GDPR laws correctly, it is important to ask yourself some questions regarding the matter.
Have you completed your mandatory training on data protection?
Do you ever work remotely and if yes, are you confident that any personal data you process is in a secure environment?
Do you know how to recognise a personal data breach?
Do you know how to recognise a subject access request and understand when the right of access applies?
Do you know the time-period for responding to a subject access request?
If you are not able to identify any of these questions then you will potentially fail a GDPR audit and will need to reconsider your business practices to avoid penalties. This is not a problem, as you can change the way your business operates and manages data in order to comply with GDPR laws.
6S Global Can Assist You in Following GDPR Laws…
The GDPR may seem like a scary law that can ruin your business, when in reality, it is in the benefit of everyone to have their data protected sufficiently and to a degree where we feel safe with our data being in other hands.
Here at 6S Global, we offer compliancy services in order to help your business comply with the GDPR or other data protection laws that you may be struggling to understand. If you haven’t already, take a look at our compliance service page for more information on what we offer.