The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and was designed to harmonise data privacy laws across Europe, to protect and empower all EU citizens data privacy and to reshape the way organizations across the region approach data privacy.
It is important to note that the GDPR is a regulation, in contrast to the previous legislation, which is a directive.
A regulation is a binding legislative act. This basically means that it must be applied in its entirety across the EU – it is unnegotiable. However, a directive is a legislative act that sets out a goal for all EU countries to aim for; it’s up to the individual countries to decide how this is done.
The GDPR is going to be a lot stricter; companies can be fined 4% of annual global turnover or 20 million Euros for not following.
The regulation will come into force 25 May 2018.
Key changes -
GDPR applies to all companies processing and holding the personal data of data subjects residing in the European Union, regardless of the company’s location.
Non-EU businesses processing the data of EU citizens will also have to appoint a representative in the EU.
Pros
Cons
The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and was designed to harmonise data privacy laws across Europe, to protect and empower all EU citizens data privacy and to reshape the way organizations across the region approach data privacy.
It is important to note that the GDPR is a regulation, in contrast to the previous legislation, which is a directive.
A regulation is a binding legislative act. This basically means that it must be applied in its entirety across the EU – it is unnegotiable. However, a directive is a legislative act that sets out a goal for all EU countries to aim for; it’s up to the individual countries to decide how this is done.
The GDPR is going to be a lot stricter; companies can be fined 4% of annual global turnover or 20 million Euros for not following.
The regulation will come into force 25 May 2018.
Key changes -
GDPR applies to all companies processing and holding the personal data of data subjects residing in the European Union, regardless of the company’s location.
Non-EU businesses processing the data of EU citizens will also have to appoint a representative in the EU.
Pros
Cons
The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and was designed to harmonise data privacy laws across Europe, to protect and empower all EU citizens data privacy and to reshape the way organizations across the region approach data privacy.
It is important to note that the GDPR is a regulation, in contrast to the previous legislation, which is a directive.
A regulation is a binding legislative act. This basically means that it must be applied in its entirety across the EU – it is unnegotiable. However, a directive is a legislative act that sets out a goal for all EU countries to aim for; it’s up to the individual countries to decide how this is done.
The GDPR is going to be a lot stricter; companies can be fined 4% of annual global turnover or 20 million Euros for not following.
The regulation will come into force 25 May 2018.
Key changes -
GDPR applies to all companies processing and holding the personal data of data subjects residing in the European Union, regardless of the company’s location.
Non-EU businesses processing the data of EU citizens will also have to appoint a representative in the EU.
Pros
Cons