GDPR Kicks Off on May 25th – 5 Tips from Experts to Prepare Your Company for New Personal Data Regulations
The European Union’s extensive data protection regulations, GDPR, hits on May 25, Business Insider reports. Read all you need to know about it below!Â
Source:Â Fox
What the heck is GDPR?
GDPR is the European Union’s general data protection regulations that will affect everybody starting from May 25, 2018. The regulations to influence any company that uses the private data and sensitive info of EU citizens.
However, it’s important to know that not only EU companies will be affected by the new regulations. Any American company that works with EU citizens should make sure they follow all the rules of GDPR.
Usually, it takes up to 24 months for companies to get GDPR compliant, for instance, company Box has been preparing for the new regulations for 2 years. However, even if your company isn’t ready for the major change on the market, don’t worry, there is something you still can do!
Simple steps to prepare for the GDPR
There a few significant actions you need to perform to make sure that your company is compliant with GDPR:
1. Start right away
Of course, it takes more than 2 tears years to prepare the company for GDPR, but, actually, you still have some time to cover main regulations.
Important thing is to start immediately: make a project plan on how you’re going to make your enterprise compliant with the rules.
2. Check GDPR compliancy through the list of requirementsÂ
Some of the checklist presented by the companies of EU can be a base for the changes. For instance, visit this website to see all the main regulations you need to follow. The test includes simple questions about your data, accountability & management, new rights, consent, follow-up and special cases.
Answer them one by one and get to know all the major changes in the system. Also, the website provides you with detailed info about each issue.
3. Add tools to be trustworthy
If you’re storing personal information of your customers or you’re using it somehow, make sure that the company is compliant with GDPR and find ways to prove to your current clients and potential ones.
It can be anything, for example, some of the companies provide users with a feature letting them choose in which country to host their data. In this way, the company follows the regulation that forbids data being left from the EEA.
It’s important for the customer to know that their data is stored in their country.
Source:Â Giphy
4. As a processor, you should be transparentÂ
Companies that act as a processor are obliged to provide customers with all the necessary information about how and where their data is being stored. So, if the company uses another one to store the data of their clients, the first one is to make sure everything goes according to GDPR.
In case, they decide to violate these rules, they will have problems with EU law.
5. Prove the use of data
Consult all the firms you hire to store the data and demand the answers to the following questions: how the data is processed, how it’s used and how it’s delivered.
According to GDPR, all the companies are to provide the information that proves that they meet all the regulations.
Recently, Facebook lost its value after the Cambridge Analitica biggest scandal. According to Verdict, Facebook has now lost $100 billion in value since February.
So, if you don’t want to be like Mark Zuckerberg, follow these steps!Â
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