In this guide we’ll cover everything you need to know about GDPR – from what it’s all about to how you can implement policies to ensure you are covered.
Whether you’ve already dipped your toe in the water, or this is all new to you, you’ll find clear explanations and best practice advice that will set you well on your way towards a winning GDPR formula for your business.
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What is GDPR?
GDPR, which stands for General Data Protection Regulation (Regulation (EU) 2016/679), was developed by the European parliament and comes into force on the 25 May 2018. The new regulation is designed to simplify and unify data protection laws across all countries in the EU, and to offer better protection for individual EU citizens.
GDPR applies to any organisation which holds or processes information about residents of the EU, even if they are based elsewhere – for example, companies in the United States or China.
In the UK, the rules will also still apply following Brexit, with the government planning to introduce a data protection bill which will closely mirror the GDPR regulations.
Why was GDPR introduced?
The way organisations gather and process data has changed dramatically in recent years and GDPR aims to bring existing legislation – such as the Data Protection Act – up to date. The objective being to give individuals far more control over their personal data and how it is used.
Under the new legislation, any business that processes data unlawfully risks being hit with a substantial financial penalty – one far higher than anything previously faced. The maximum fine being £20,000,000, or 4% of worldwide annual turnover, depending which is higher.
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