GDPR
THE NEW EU REGULATION
Between the hottest topics of this 2018, the GDPR is undoubtedly on the podium.
On 25 May 2018 the new EU Regulation 2016/679, known as GDPR (General Data Protection Regulation), will be applicable in all European countries.
The new regulation was designed to obtain legal certainty, harmonization and simplification of the rules concerning the transfer of personal data between European countries and the rest of the world. It defines the rules for using this data legally and extracting its products, services and increasing revenue.
The GDPR also tends to counter the lack of privacy on the part of new and increasingly advanced technologies, which collect a large amount of personal data.
HOW TO REGULARIZE A COMPANY
Before May 25th, European companies will have to provide for:
- MAPPING OF DATA BANKS AND TREATMENTS
documenting how and the purposes about the data processed. - CREATION OF THE REGISTER OF TREATMENTS
It must contain all the names of the subjects that will work with the data and the deadlines of they all. - RISK ANALYSIS
The data collector must perform an evaluation of the impacts determined by the data processing, in particular in cases where the treatment presents specific risks for the rights and freedoms of the data subjects.
With the new regulation, privacy becomes a process to be managed in all phases of the company, from the idea to the executive one. These are some real examples of the changes to be made in reference to the GDPR:
- The privacy policy must be short, without any normative references, transparent and simple to understand. It must also contain new elements, such as the origin of the data and the expected storage time.
- Consent to the processing of data can also be applied with unequivocal behavioral consent.
- Insertion of new company figures such as Data Privacy Officer that it will occupy the role of database manager.
- Insertion of the log data treatment that will contain the deadlines and names of whoever will work the data.
- Possibility of exercising more rights as data portability.
Violations of the rules for the processing of personal data lead to very heavy penalties that can reach € 20,000,000 for individuals and companies not belonging to groups and up to 4% of total (consolidated) turnover for corporate groups.
LeadBI is in the process with all operations necessary to ensure compliance with the GDPR and offer excellent service to its customers.
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