W hat is GDPR Compliance?
Undertsanding Where GDPR Orignates From
The European Parliament adopted GDPR in April 2016, replacing the outdated Data Protection Directive of 1995. Within it, there are new provisions that require businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states as well as the exportation of personal data outside the EU. The requirements include all 28 EU member states, meaning companies have one universal standard to meet within the EU, albeit a very high standard that will require a significant investment to meet and implement.
W ho Needs to Be GDPR Compliant?
How Your Organization is Impacted
GDPR affects any company that stores or processes personal information about EU citizens within EU states, even if the company does not have a physical business presence there. Criteria for companies required to comply are...
Presence in an EU Country
Or Process Personal Data of European Residents
GDPR applies to any organization that processes personal data of individuals residing in the EU, regardless of where the organization itself is located. This means that if a company has a presence in an EU country, or if it offers goods or services to individuals in the EU, or if it monitors the behavior of individuals in the EU, it is subject to GDPR.
More than 250 employees
Or Processing Impacts Rights/Freedoms of Subjects
Under GDPR, companies with more than 250 employees or those whose processing activities impact the rights and freedoms of data subjects have specific obligations. These include maintaining records of processing activities, conducting Data Protection Impact Assessments (DPIAs) for high-risk processing, implementing stringent security measures, and more.
Effectively this means almost all companies are subject to compliance requirement. In fact, a recent PwC survey showed 92% of U.S. companies consider GDPR a top data protection priority.
G DPR Compliance FAQ
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