If your company isn't familiar with the acronym GDPR, now is the time to educate yourself and your employees. In less than a year, the EU's General Data Protection Regulation will go into effect, shaking up the way companies treat consumers' sensitive personal information.
Enhancing security and accountability
In recent years, it has become common practice for organizations to leverage customers' personal information. This could be for service delivery or as part of a data analytics initiative. However, when a data breach takes place, it puts all of this information at risk.
The GDPR looks to put in place stauncher regulations for organizations that deal with the personal details of EU citizens, and it should come as no surprise that this includes nearly every business across the globe. If an EU citizen looks to you for good or services, you must be GDPR compliant – even if your company doesn't primarily do business in the EU.
"Companies covered by the GDPR will be more accountable for their handling of people's personal information," explained WIRED contributor Matt Burges. "This can include having data protection policies, data protection impact assessments and having relevant documents and how data is processed."
Ensuring protection and compliance
The GDPR includes a total of 99 articles explaining the requirements of companies using EU citizens' data, as well as the rights of the individuals who own that data. As Digital Guardian contributor Nate Lord noted, some of the most important changes to be aware of include:
- Companies must get consent from data subjects before processing their personal information.
- Businesses must be able to explain the purpose behind data use.
- In certain situations, data must be made anonymous to ensure subjects' privacy.
- Any data breaches should result in quick notification to any potentially impacted data subjects.
- Data subjects can request that their information be transferred to another party, if they so choose.
- Enterprises must appoint a data protection officer to guide and supervise GDPR-related data protection efforts.
Supporting GDPR needs
Because GDPR will impact most businesses, decision-makers and compliance analysts require an advanced system that can provide a single source of truth, supporting the necessary visibility, control and security.
The ideal solution is Unifi Compliance Data Hub, which consolidates all of a company's data sources into a single, self-service environment. Specific, leveled security measures can be put in place, ensuring organizations can utilize data while still maintaining protection and privacy.
To find out more, check out our Unifi Compliance Data Hub solution brief today.