The General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679), adopted on April 27, 2016, is a regulation by which the European Parliament, the Council of the European Union and the European Commission intend to strengthen and unify data protection for all individuals within the European Union (EU). It also addresses the export of personal data outside the EU.
> The regulation applies to businesses engaged with individuals within the EU, including non-EU organizations. The compliance will be a subject of control by EU and US authorities committed to support stronger protection for transatlantic data flows with adopted Privacy Shield agreement.
> GDPR affects all lines of business, departments and all decision-making levels – All inbound, outbound and internal data flows should be controlled. All organization levels should be aware and prepared.
> The penalties caused by lack of compliance could be as high as €20 million or 4% of global sales, which ultimately could put your company out of business. Implementation of GDPR compliance policies, processes and tool will not only reduce the risk of fines, but also the severity of the penalty.
> Demonstrated efforts to implement data privacy mechanisms can significantly reduce exposure
Infoverity’s GDPR Compliance Program is a modular solution that prepares organizations for GDPR implementation deadlines, providing a long term plan that will sustain and improve a company’s data privacy control practices for the future.