Global Directors Beware: Is your business GDPR compliant?

Global Directors Beware: Is your business GDPR compliant?

This article points to the fact that GDPR is not just a EU business concern but every worldwide business that is dealing with EU citizens data. We have seen in the past years that the EU is not shy about reprimanding non EU businesses if they go astray from EU regulations. SkyFlok’s ability to offer geo-location specific storage goes a long way in making business GDPR compliant.

On May 25, 2018, the European Union (EU) General Data Protection Regulation (GDPR) will go into effect in the 28 EU member states. Companies, the world over, are now rushing to meet the deadline for compliance but how many will make it?

The GDPR requires every organization that offers products or services to EU residents comply with a strict set of data privacy and security measures. These requirements will apply equally to those companies’ business partners. This essentially results in global regulation with potentially financial penalties and even criminal penalties for non-compliance.

GDPR is not just an EU-specific regulation – every EU citizen’s private data, regardless of where it is stored, must be protected. In today’s world of web-connected businesses, even small organizations not located in the EU may have data for individuals from EU countries and are, therefore, subject to aspects of GDPR. Storing the personal data of just one EU customer means that compliance with GDPR is required.

While originally thought to bring uniformity to enforcement in the EU, some EU member states are already making efforts to differentiate applicability of GDPR in their countries, which could add to the difficulties of implementation.

GDPR is not just an EU-specific regulation – every EU citizen’s private data, regardless of where it is stored, must be protected.

As it stands and was enacted, GDPR is binding on all EU members and, at 88 pages, is designed to address the disruption to data privacy wrought by the rapid evolution of information technology and business models over the past 20 years. The regulation will be enforceable by the data protection authorities (called “supervisory authorities”) of member states. Multinational companies, with their greater access to resources, will likely be able to meet immediately some of the GDPR’s requirements, but most will find that they need all the available time before inception to be completely ready. On the other hand, it is anticipated that many smaller entities may not be GDPR compliant before the deadline.

Email This On May 25, 2018, the European Union (EU) General Data Protection Regulation (GDPR) will go into effect in the 28 EU member states. Companies, the world over, are now rushing to meet the deadline for compliance but how many will make it? The GDPR requires every organization […]

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