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In May 2018, the General Data Protection Regulation – the GDPR – will come into force following the EU’s 2016 decision to adopt the measure. The regulation covers the way personal data is processed by both private companies and public bodies across the entire European Union. The main focus is on protecting citizens with regard to the processing of their personal data and on guaranteeing the free movement of data within the EU. So far so good, then, as the new regulations offer a number of advantages from a data protection perspective. However, for businesses they give rise to some major challenges, not the least of which is the duty to implement the measures by May 2018. And while the GDPR doesn’t exactly reinvent the wheel, it does involve some new provisions and the addition of greater detail to existing ones. Read on to find out what this all means for your business and how you can prepare for the changes in good time.
OEven though Switzerland is not an EU member, the new guidelines will have a major impact on Swiss companies. The GDPR applies to all businesses within the EU as well as companies in other countries – irrespective of their size or the industry involved. This affects not just businesses that trade within the EU but also those with employees from the EU and those that process data from or within the European Union. We can also expect to see Swiss legislators tighten up domestic laws.
The GDPR is based on the currently applicable EU Data Protection Directive 95/46/EC, from which many provisions have been transferred – albeit in a stricter form. Challenges arise not just from the scope and tough demands of the new measure but also the implementation timetable it imposes. By May 2018, all organisations will need to have ensured compliance with its rules.
Here is a brief extract from the most important requirements:
This, then, is just an excerpt of the list of provisions. Only very few of the new data protection guidelines are currently being followed by businesses or are already being tested as part of a BCM process.
At first sight, the new rules might well appear to represent little else than disadvantages. For many companies, however, they also offer opportunities. For example, when trading across borders, businesses will no longer need to spend money adapting their practices to fit country-specific variations. Meanwhile, uniform standards, legal clarity and transparency will help create a level playing field with regard to the handling of personal data. In addition, the data portability rules will be of benefit to smaller companies and start-ups, as it will be easier for customers to switch providers.
The consequences of breaching the GDPR could be expensive for businesses. The EU can impose fines of up to EUR 20 million or 4% of a company’s annual turnover, as well as other sanctions. This is a frightening scenario that has worried many businesses. It represents yet another reason for taking the GDPR seriously. Even if your own business is not specifically affected, it’s important to examine your own compliance with data protection rules and to raise awareness of the issues among your senior managers. And as, in our experience, implementation can take up to two years, it’s best to get started now!
The following eight steps can help you prepare for internal implementation in the optimum way:
If you work through these steps carefully, you will have nothing to fear – despite the extensive list of rules included in the GDPR. Even so, it's always advisable to seek guidance from experts when the legal framework is undergoing such an extensive change. InfoGuard is your reliable partner in this field. We can assist you at every step of the way, from analysis, strategy definition, and implementation of network and security solutions to the ongoing monitoring and control of your systems. Thanks to our many years of broad experience in a wide variety of industries, we can offer you professional services that you can trust!
Please contact us - without obligation - and our specialists will contact you. We are looking forward to assisting you in matters of GDPR.
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