New European regulation | General Data Protection Regulation (GDPR)
With Europe’s push towards creating and enforcing more stringent data privacy standards, the effects of the GDPR on tech giants around the world are likely to be significant. Among them is Facebook and Google, which will likely implement some changes as a result.
GDPR, short for General Data Protection Regulation is a piece of legislation that was adopted in April 2016 by the European authorities. The EU directive states that businesses must be compliant by May 2018 as a final deadline. The new directive aims to harmonise the rules across the 28-nation EU bloc’s.
Many EU citizens are concerned about the collection of data and want to get in control. One of the ways they’re doing that is through GDPR.
The GDPR will affect, as expected, businesses not only from the European Union, but global as well.
These are the principals of the new European regulation
Companies can’t use terms that are vague or confusing to get your consent to use your personal data.
That is, if you read at the bottom of a web page where you have entered your personal data that “if you click the box below you are giving consent to multiple things being done at the same time it is wrong. This is a business that has not complied with the regulation, which allows you to consent for each use separately,” said Harry Mal, a partner at law firm Baker & McKenzie.
The client should be able to withdraw the consent previously given.
For children under the age of 16, the parents should be responsible for giving consent for the collection of their data.
From May 25, businesses will have to report the breach of their systems and the collection of users’ personal data by malicious cybercriminals within 72 hours or they could be liable. They’ll also need to inform their customers “without undue delay”.
Companies will need to provide insight on how they operate with users’ data. This will give users both control and transparency for the way of their personal information’s usage.
If a company fails to comply with the new rules, they will receive a heavy fine. In the case of a violation of the GDPR terms, the said company will receive a fine up to 4% of annual global turnover. If it does not exceed €20 million, then it is €20 million.
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Author: PC-GR
The World of Technology
