In 2018 the General Data Protection Regulation came into force, revolutionising the way that personal data is used and handled. Controllers and processors of personal data need to adhere to the regulation in order to be compliant. PwC can help.
If you are an organisation processing personal data in Europe; or you are targeting Europe goods and services; or you are monitoring the activities of European citizens online, you will need to comply with GDPR.
The GDPR was the largest development to data protection legislation since the European Data Protection Directive in 1995. It requires wide-scale privacy changes in all regulated organisations, and regulators have gained unprecedented powers to impose fines. Nevertheless, the GDPR also represents an opportunity to:
It is essential that organisations are able to demonstrate to regulators that they have robust plans in place to comply.
The regulatory imperative of GDPR creates some very specific issues. These changes include
Under the right to erasure/to be forgotten individuals will have the right to ask organisations to delete their personal data in certain circumstances.
In certain circumstances, individuals can request to transfer their personal data from your organisation to a third party. The transferred data must be sent in a structured, machine-readable format to the third party, so organisations should begin thinking about technical implications of data portability.
If you have a data breach you will have 72 hours to report it. Fines for non-compliance of the GDPR could be up to 2% global annual turnover.