Is Your Company Ready for the GDPR?

Many organizations across the world are left standing with an increasing requirement for visibility and control over the data flow in a relation with upcoming General Data Protection Regulation (GDPR). Thus, users are continuously searching about GDPR in order to have a better understanding of it. Before deploying GDPR in an organization, you have to identify is your company ready for GDPR or not. Now, to have a proper evaluation about the same, you have to need to blog below.

What is the GDPR or General Data Protection Regulation?

The GDPR is basically a new set of rules that are designed to let citizens have more control over their precious data. The main of General Data Protection Regulation (GDPR) is to simplify the data sharing or regulatory environment for the business. In addition, it renews and improves the laws that are used for personal data handling. However, reforms are done to reflect the world we are living today. Moreover, it also brings laws and social control across Europe. Usually, every aspect of our lives rotates around the data. Like social media, bank work, retailers, or government work, almost everything involves the collection and personal data analysis. For example, name, address, credit card number etc, analyzed and stored by the organizations.

As we know whenever data breaches occur, information gets lost, stolen or comes into the hands of people who were not supposed to use it as they have malicious intent. But with the help of GDPR not only organizations make sure that data is released or gathered legally but people who use or manage it will be obliged to protect it from any type of misuse. However, always respects the rights given by the data owner and face penalties also for not doing the same.

All Major Changes Proposed by GDPR

In order to know your company is ready for the GDPR, one needs to look the changes in GDPR. Some of the notable changes that make any organization to take GDPR into an account are mentioned below:

1. Expand Scope: This will somehow expand the scope of the organization. Because new rules and regulation are applied to all data controllers and processors that are established in Europe.

2. DPOs or Data Protection Officers: If a company has a systematic monitoring and processing of a large amount of crucial personal data, then it is necessary to appoint the DPO.

3. Enhance the Accountability: Any organization must be accountable for the following:

• Set up a culture to monitor, review, and assess the data processing procedures
• Reduce the data processing and data retention
• Constructing in safeguards for data processing activities
• Document all data processing policies, procedures, and operations, which are available to the data protection supervisory authority on a special request

4. Privacy Impact Categorizations: It is important for an organization to initiate Privacy impact assessments while conducting risky or large-scale personal data processing.

5. Strict Consent Rules: Consumer consent in order to process data, which is freely released for specific a purpose. In addition, they need to be informed to withdraw their consent. However, in the case of sensitive personal data, a consent needs to be explicit. The GDPR needs that individuals must give clear, informed consent before their data is processed.

6. Provide data Breach Notification: An organization must inform the supervisory authority about the data breaches either without any delay or within 72 hours until an unless the breach is not a risk to the individuals. However, if there is a chance of high risk to the individuals, then also they must be informed.

7. Improved Rights for Data Subject: The GDPR includes more rights, which are listed below:

• Have the right to ask the data controllers to delete all personal data without any delay in any situation.
• The right of portability. In this individuals provide their personal data to the service provider. And, those service providers can port the data to some other provider.
• The right to get removed from digital marketing and inaccurate data to be corrected.

Data Minimization vs Data Maximization

In this today's, modern era, many businesses and marketing teams do the practice of data maximization means gathering as much information as possible and what, how, and when the data will be used. Moreover, they can easily reuse it for various purposes and even sell it to another party also. One of the biggest aims of the GDPR is that it believes in the principle of data minimization. It collects only smallest amount of personal data and i.e. for a small amount of time and then delete it as soon as possible when its motive is completed.