We are just a month away from the implementation of Europe's new privacy rule that is reshaping the internet. The General Data Protection Regulation (GDPR) is said to be the most important change in data privacy regulation in the past 20 years. With so much of anticipation and confusion as well around the new data privacy law, we have created a GDPR Compliance Infographic to help you answer some of the relevant and important questions around the regulation.
"This is perhaps one of the most significant milestones achieved in data protection in our lifetime and the democratisation of the world's biggest single digital market is now complete." - Jan Philipp Albrecht
The European Data Protection Regulation will be applicable as of May 25th, 2018 in all member states to harmonize data privacy laws across Europe. You can find the official PDF of the Regulation (EU) 2016/679 (General Data Protection Regulation) as a neatly arranged website here.
Before we move on to the GDPR Compliance Infographic, here's a brief look at some of the important statistics with regards to Europe's privacy law:
- The European General Data Protection Regulation (GDPR) will have a global impact when it goes into effect on May 25, 2018, according to Gartner, Inc. Gartner predicts that by the end of 2018, more than 50 percent of companies affected by the GDPR will not be in full compliance with its requirements.
- GDPR non-compliance could spell the end for a third of businesses. As some businesses don't know where they store their data.
- The Cyber Security Breaches Survey 2018 from the Department for Digital, Culture, Media and Sport (DCMS) has revealed that only 38% of businesses and 44% of charities have heard of the General Data Protection Regulation (GDPR).
- In another survey conducted by Smart Insights, it was revealed that only 6% of companies said that they are ready for GDPR. Shockingly, 94% of respondents aren't ready for GDPR.
Elizabeth Denham, the UK's information commissioner, who is in charge of data protection enforcement, says she is frustrated by the amount of "scaremongering" around the potential impact for businesses. "The GDPR is a step change for data protection," she says. "It's still an evolution, not a revolution". She adds that for businesses and organisations already complying with existing data protection laws the new regulation is only a "step change". (Source)
The contents of the GDPR Compliance Infographic are as follows:
• What is GDPR?
• History of the General Data Protection Regulation
• Goals and Objectives of GDPR
• Expanded Definition of Personal Data - Then & Now
• Key Data Protection Requirements for GDPR Compliance
• What does GDPR Mean For Business
• Consequences of Non- Compliance
• How to Stay Compliant with GDPR - 10 Step Guide
The changes being introduced by GDPR affect a wide array of functions within many organizations. Here’s a GDPR compliance checklist that’ll help you be prepared.