On the 27th April 2016 the General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679) was adopted by the European Commission. The regulation is intended to strengthen and unify data protection for individuals within the European Union (EU) and to address the export of personal data outside the EU. The regulation will be enforced from May 2018.
According to the European Commission “personal data is any information relating to an individual, whether it relates to his or her private, professional or public life. It can be anything from a name, a photo, an email address, bank details, posts on social networking websites, medical information, or a computer’s IP address.”
The aim is to harmonize and refresh laws that have been in place for over 20 years and bring power and control back to the citizen over personal data. GDPR affects all organizations that stores or processes an EU citizen’s data, regardless of where they reside.
After May 2018, companies can face serious sanctions and fines up to 4% of the company’s total worldwide annual revenue if they are non-compliant.
Watch our Video – Veritas perspective on the GDPR
Sabeo and Veritas are helping organisations to prepare and embrace this complex new regulation. GDPR is an the opportunity to turn dormant legacy data into a business asset, lower your risk exposure and eliminate redundant information that has clogged IT systems for years.
If you would like to understand this regulation further or understand how Sabeo and Veritas can help you prepare, please contact us.
Download further information – https://www.veritas.com/content/dam/Veritas/docs/briefs/the-general-data-protection-regulation_EN.pdf