GDPR Regulation

The General Data Protection Regulation (GDPR) came into effect on May 25, 2018, and introduced significant changes to data protection practices. It is a comprehensive regulation that strengthens and harmonizes data protection laws across the European Union (EU). It was designed to protect the fundamental rights and freedoms of individuals with respect to the processing of their personal data. GDPR applies to any organization that processes or handles the personal data of EU citizens, regardless of whether the organization is based in the EU or not.

Increased data subject rights, such as the right to access, rectification, and erasure, as well as enhanced obligations for data controllers and processors, such as the need to obtain explicit consent from individuals for data processing activities are part of the changes introduced by the regulation.

Organizations are required to implement appropriate technical and organizational measures to ensure the security of personal data. Measures such as pseudonymization and encryption, regular testing and evaluation of security measures, and the implementation of data breach notification procedures.

Non-compliance with GDPR can result in significant fines, up to 4% of global annual revenue or €20 million, whichever is higher. It is therefore crucial that compliance with the regulation is achieved in order to avoid these penalties and protect the privacy and rights of individuals whose data are processed.

At our firm, we offer GDPR consulting services to help organizations achieve compliance with the regulation and ensure the protection of personal data.