The General Data Protection Regulation (GDPR) has now replaced the legacy Data Protection Directive 95/46/EC. This new regulation was approved by the European Parliament on April 14, 2016 and came into effect on the 25 May 2018, As it’s now law you need to protect your accessible data.
The government has confirmed that the UK’s decision to leave the EU will not affect the commencement of the GDPR.
Breached companies will find the fines they face have increased dramatically, penalties will reach an upper limit of €20 Million or 4% of annual global turnover – whichever is higher.
For many business, the threat of insolvency or even closure as a result of GDPR penalties will soon be very real.
The GDPR applies to both automated personal data and to manual filing systems where personal data is accessible. Almost any data about a person that is collected may be considered personal data and as such, fall into the GDPR regulations. This is much wider than the previous Data Protection Act’s definition.
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