July 16, 2018
General Data Protection Regulation (GDPR) would significantly affect any organization which is involved in processing the personal data of the people in the European Union. Any company which is engaged in collecting, utilizing and distributing the data of the people of EU irrespective digitally or physically would be subjected to strict compliances.
Moreover, any company which deals in the use, exchange of personal data of people living in the territory of EU whether they are located anywhere on the planet would be affected by GDPR and ignorance of the law is no excuse. It is also explicitly mentioned that companies which are involved in transferring the data of EU citizens outside of the country would be subjected to severe compliances.
So, coming towards a more constructive approach towards dealing with GDPR should be the most important aspect for companies and organizations as, after May 25th, no exceptions would be made. The most critical element for any entity that’ll be affected by GDPR is to observe themselves the implementation of the dynamics of the law. Whether they fully understand and comprehend the points mentioned in the GDPR and would they be able to comply with it entirely.
Companies and organization must set their standards as to what extent they are willing to comply with the principles elaborated by GDPR. Would they ‘mildly comply’ with it or go ‘beyond compliance’ to eradicate any unforeseen consequences. Those departments, authorities, and officials should only take these decisions and steps in the organization which is responsible for addressing such situations.
Another most important aspect that companies need to look into is that whether they would be able to justify the legality and the procedures of the data they are currently holding. This aspect will be the most challenging of them all to crosscheck if their current data trove is verifiable by the checklist laid down by GDPR.
It is advised that companies create a new set of SOPs and minimize any risks that could potentially lead them towards any predicaments. In the pursuit of finding a balance between compliance and offense, organizations need to stay vigilant at all times and make the necessary check and balance part of their workflows. Organizations need to change their mindsets and ways of doing things.
With GDPR looming just around the corner, we would advise to go through the GDPR principles thoroughly and check the readiness and awareness level of your organization to be better prepared for the future.