Does your organization:
- Process the personal data of EU citizens?
- Have a physical presence in Europe?
- Have a web presence that provides good/services to EU citizens?
- If you answered yes to any of these, then you need to consider whether the GDPR legislation applies to your business and how you will comply.
How Mavim Can Help
What is the GDPR? Does it apply to my company?The EU General Data Protection Regulation (GDPR) in legislation that will come into force on May 25th, 2018. The aim of the GDPR is to protect consumers and create clear regulations for organizations that store personal data. The GDPR ensures that personal data is stored with consent and for a duration that is in line with the reason for obtaining the data initially.
The primary drivers behind the GDPR are the need for standardization and for consumer protection. In order to give businesses (in particular, multi-nationals) a clearer legal space to operate, the EU has chosen to create a data protection law that encompasses the single market. Additionally, many data protection laws were introduced before the advent of new technologies such as the cloud. By strengthening data protection, the EU hopes to increase consumer trust in the booming digital economy.
The regulation applies if the organization that collects data from EU residents or processor of said data (ex. cloud service provider) or the data subject is based in the EU. The European commission defines personal data as “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, home address, photo, email address, bank details, social media messages, medical information or a computer’s IP address.