The EU's General Data Protection Regulation (GDPR) has had major repercussions in years since it went into force. It served as a model for privacy protection laws in other jurisdictions, and recent high-profile cases have shown that authorities are willing to enforce the GDPR to protect the data rights of European citizens.
The GDPR is a European data protection law that gives individuals more control over their personal information in the most basic interpretation. It’s forced companies to reframe how they think about data privacy, making “privacy by design” paramount.
GDPR applies to all companies that collect any personal information on EU citizens, including email addresses, medical records, and more. This will affect how companies collect, store, and monitor data. It will also affect how companies communicate with their customers.
GDPR has a significant impact on small businesses because even though they are not required to become certified, the regulation still affects them.
GDPR imposes a range of sanctions that can be applied for failure to comply with the GDPR, including (a) warning letter; (b) order by supervisory authority requiring cessation of infringements and implementation of measures to ensure compliance within a specified period.
Appropriate safeguards must be put in place if one data breach occurs. Failure to do so will result in a fine of €20 million or four percent of annual global turnover.
The consequences for not complying with GDPR can be dire, including hefty fines and the potential loss of customers who are worried about their data privacy rights.
There are ways to make compliance less difficult, even if it may seem overwhelming. Here are some actions you can take to get on the right track toward GDPR compliance. First, determine what data you have and where it is stored. Second, conduct an audit on the personal data that exists in your organization. Third, determine how to protect this information and whether any changes need to be made.
Penetration testing is a way to help identify and address flaws in your website that could lead to a data breach. All websites need to be tested for vulnerabilities, especially those who obsessively collect personal information.
GDPR compliance requires a multi-faceted approach with lots of moving parts that need to work together seamlessly in order for your business to be compliant. This means everything from the policies you have in place, how they are communicated to employees and customers, data tracking systems, along with all other forms of data management.
However, GDPR compliance is not just about having the right policies for data management in place but also whether you are able to protect data when it is at risk. Penetration testing can uncover vulnerabilities that might be exploited by hackers and non-compliance fines for GDPR could cost your company millions of dollars.
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