Become GDPR compliant with 70% less effort

The General Data Protection Regulation is a law of the European Union that came into effect on May 25, 2018, and it mandates that businesses protect personal data and uphold the rights of anyone who resides in the EU to privacy. The regulation outlines eight privacy rights that corporations must support and seven data protection principles that organizations must implement.

Any corporation that offers products or services to consumers in the European Union or the United Kingdom must comply with the GDPR.

The GDPR sets forth certain privacy rights for EU citizens, such as the right to be forgotten and the right to obtain your user consent before sharing your data with a third party. For organizations, the GDPR is a legal framework that covers data governance, data privacy, and data management for any organization with customers in the U.K. or EU, regardless of where the company itself is located.

To guide the enforcement of GDPR, the standard sets forth seven principles. They are:

• Lawfulness, fairness, and transparency
• Purpose limitation
• Data minimization
• Accuracy
• Storage limitation
• Integrity and confidentiality
• Accountability

Businesses that do not abide by the General Data Protection Regulation’s (GDPR) rules regarding data processing, data security, and data protection run the risk of incurring hefty fines. The maximum fine for a lesser offense is $11.03 million, or the greater of 2 percent of the company’s annual global revenue or $11.03 million. For more serious offenses, the maximum fine is greater than $22.07 million or 4% of the annual global revenue.

The GDPR applies to all organizations that handle the personal data of EU citizens. Any information about an individual, such as names, email addresses, IP addresses, eye color, political affiliation, and so forth, is referred to as “personal data.” Even if a company is not directly affiliated with the EU, it must abide by the rules if it handles personal data belonging to EU citizens (through tracking on its website, for example).

Yes, but transfers of personal data of EU citizens to locations outside the European Economic Area are strictly governed by GDPR. To enable these transfers, you may need to establish particular legal frameworks or abide by certification frameworks, depending on the situation. You can get help from our team of infosec specialists as you follow the required protocols.

Personal data represents any information related to the data subject that is used to directly or indirectly reveal a person’s identity. On the other hand, sensitive data represents information related to the data subject’s fundamental rights, intimacy, and free will. It could be health records, political opinions, or religious beliefs.
These 5 Trust Service Criteria act as the evaluation structure of the SOC 2 audit and report. Out of the 5 TSCs, all the SOC 2 reports must include the Security Trust Service Criteria. The other 4 TSCs are optional and can be added to the report at the discretion of management.

Regardless of where it is located, any organization with clients in the European Union must abide by the GDPR requirements to avoid fines and possible business repercussions.

The law is applicable everywhere, regardless of whether the transaction occurs inside or outside of an EU member state. Companies outside the EU have also been reevaluating their standards to comply with them due to their broad transnational scope of application. Despite the risks of non-compliance, many organizations continue to doubt their own capacity to adhere to the rule. This is particularly due to GDPR’s complexity, which leaves much room for interpretation.