GDPR Aftermath: The Effect of the EU’s Data Protection Regulation
The General Data Protection Regulation (GDPR) is a European Union regulation regarding data privacy rules and how organizations can use European citizens’ information, in which ultimately EU individuals now have more rights about how companies can use their personal data.
Two important fundamentals of this regulation are data integrity (emphasizing on completeness, accuracy and consistency of the data) and privacy (where the processing of data should be lawful and authorized). Thus, the intention of this regulation is to give people greater control over their personal data, force companies to be accountable for data breaches and make improvements for critical security and privacy concerns.
What Does GDPR Mean for Organizations?
Having effective data protection increases customer confidence and trust, as well as contributing to increased transparency on the type of information being processed related to them.
The organizations shall clear out the purpose behind processing personal data, through mapping of personal data, to understand what kind of personal data are being handled in the organization. This may result in the realization that the level of information is unnecessary for the organization to store.
What Can 421 Offer?
Over time, many companies have realized that they need resource support in areas such as – identifying data oversight, the integration of new policies into business procedures as well as training of the employees on how to handle personal data.
Our talented consultants bring experience from one of the largest Nordic banks and can support your business in various steps:
- Gap analysis to identify where there is a need to improve the circumstances to be compliant and help you in fixing the possible findings
- Help with governance-related topics; introduction and/or improvement of related processes, roles and policies within the organization
- Visualizing routines (Incident Reporting, Breach Reporting, Privacy Communication, Consent Management, Data Subject Rights, Data Protection Impact Assessment, etc)
- Analysis of third-party risk (Supplier, Partner, Corporate Customer) and data protection agreements
- Analysis of T&C and Privacy Notice related to products and services
- Analysis of data processing lawfulness, the data processing registers, and maintenance of registries related to GDPR’s article 30
We see GDPR as an evolution, not a revolution. No matter whether the GDPR countdown has ended or not, if you think that you could use some help with tracking your data and having a cost-effective audit, contact us to discuss how to best we can help you to move forward, optimize your processes and ensure you are compliant!