Founder of Apple, Steve Jobs, once remarked, “Privacy means people know what they’re signing up for, in plain language, and repeatedly. I believe people are smart. Some people want to share more than other people do. Ask them.”
Giant strides have been made in privacy rights and regulations in Europe and many parts of the globe ever since the General Data Protection Regulation (GDPR) became enforceable on May 25th, 2018. In a world with serious impediments to my privacy and yours, the GDPR, to varying degrees of success, has been slowly leveling the field in how personal data is treated; rest assured, it’s a lot more than the privacy e-mail updates you’ve been receiving and the website cookie banners you’ve been accepting. In layman’s terms, the GDPR mandates requirements for storing, processing, accessing, and protecting personal data. We’ve all heard it – failure to comply with the Regulation attracts staggering fines of up to 4% annual global turnover of the prior financial year, or €20 million, whichever is higher. Despite the laundry list of concerns surrounding the Regulation, there has been reasonable progress since the enforcement date. Here are some notable observations since the inception of GDPR that you should know:
With the General Data Protection Regulation (GDPR) becoming effective May 25, 2018, organizations (or rather, organisations) seem to be stressing a bit. Most we speak with are asking, “where do we even start?” or “what is included as personal data under the GDPR?” It is safe to say that these are exactly the questions organizations should be asking, but to know where to start, organizations first need to understand how the GDPR applies to their organization within this new definition for personal data. Without first understanding what to look for, an organization cannot begin to perform data discovery and data mapping exercises, review data management practices and prepare the organization for compliance with the GDPR.