December 06, 2017//Ellen NeveuxLast Updated: November 18, 2020
In May 2018, the European Union’s General Data Protection Regulation (GDPR) goes live. The regulation, which is intended to “harmonize data privacy laws across Europe,” has American companies pushing toward compliance. Have you updated your third-party vendor agreements lately?
Long concerned with data privacy and protection, the European Commission passed the GDPR, a sweeping standard that replaces the European Data Protection Directive which was adopted in 1995.
The EU is moving steadily forward on issues of data privacy, protection, and internet neutrality, creating a challenge for global internet companies who move and collect data across international borders 24/7. The GDPR goes into effect on May 25, 2018.
A few things you need to know about GDPR
The scope of the GDPR is extensive. If the rule applies to you, and you are not yet taking steps toward compliance, you may have a problem. To answer the question about whether GDPR is of concern to your business, answer this question:
Does your company or enterprise “offer goods or services to, or monitor the behavior of EU data subjects?” The regulation “applies to all companies processing and holding the personal data of subjects residing in the European Union, regardless of the company’s location.”
In other words, if you process any information on citizens of the EU, the answer is “yes.” Personal data includes an email address, a photograph, computer IP address, any information on social media, all personal information like banking or medical information—even a name. Parental consent is required to process any data of children under 16, in no circumstances younger than 13 years of age.
The regulation applies to your third-party vendors as well. Here are some standout points about the GDPR you should know:
Just some of the rights provided to EU citizens by the GDPR include.
A good time for compliance—get it in writing.
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