Tresorit compliance gdpr5/7/2023 Names and email addresses are obviously personal data. Personal data - Personal data is any information that relates to an individual who can be directly or indirectly identified. Below are some of the most important ones that we refer to in this article: The GDPR defines an array of legal terms at length. There are two tiers of penalties, which max out at €20 million or 4% of global revenue (whichever is higher), plus data subjects have the right to seek compensation for damages. Second, the fines for violating the GDPR are very high. We talk more about this in another article. Scope, penalties, and key definitionsįirst, if you process the personal data of EU citizens or residents, or you offer goods or services to such people, then the GDPR applies to you even if you’re not in the EU. The GDPR entered into force in 2016 after passing European Parliament, and as of May 25, 2018, all organizations were required to be compliant. Two months after that, Europe’s data protection authority declared the EU needed “a comprehensive approach on personal data protection” and work began to update the 1995 directive. In 2011, a Google user sued the company for scanning her emails. In 2000, a majority of financial institutions offered online banking. In 1994, the first banner ad appeared online. But already the Internet was morphing into the data Hoover it is today. So in 1995 it passed the European Data Protection Directive, establishing minimum data privacy and security standards, upon which each member state based its own implementing law. The right to privacy is part of the 1950 European Convention on Human Rights, which states, “Everyone has the right to respect for his private and family life, his home and his correspondence.” From this basis, the European Union has sought to ensure the protection of this right through legislation.Īs technology progressed and the Internet was invented, the EU recognized the need for modern protections. In this article, we try to demystify the GDPR and, we hope, make it less overwhelming for SMEs concerned about GDPR compliance. Maybe you don’t have time to read the whole thing. Maybe you haven’t even found the document itself yet (tip: here’s the full regulation). If you’ve found this page - “what is the GDPR?” - chances are you’re looking for a crash course. As the GDPR continues to be interpreted, we’ll keep you up to date on evolving best practices. We also offer tips on privacy tools and how to mitigate risks. While it is not a substitute for legal advice, it may help you to understand where to focus your GDPR compliance efforts. We created this website to serve as a resource for SME owners and managers to address specific challenges they may face. The regulation itself is large, far-reaching, and fairly light on specifics, making GDPR compliance a daunting prospect, particularly for small and medium-sized enterprises (SMEs). With the GDPR, Europe is signaling its firm stance on data privacy and security at a time when more people are entrusting their personal data with cloud services and breaches are a daily occurrence. The GDPR will levy harsh fines against those who violate its privacy and security standards, with penalties reaching into the tens of millions of euros. The regulation was put into effect on May 25, 2018. Though it was drafted and passed by the European Union (EU), it imposes obligations onto organizations anywhere, so long as they target or collect data related to people in the EU. The General Data Protection Regulation (GDPR) is the toughest privacy and security law in the world. This GDPR overview will help you understand the law and determine what parts of it apply to you. What is the GDPR? Europe’s new data privacy and security law includes hundreds of pages’ worth of new requirements for organizations around the world.
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