The 25th of December will carry extra significance this year, with the day marking five months until the European Union’s (EU) new data regulations come into force.While we are not recommending that those who process and manage data spend their Christmas locked up in a room devising a plan of how their business is going to comply with General Data Protection Regulation (GDPR), it is of utmost importance that you consider how your organisation is going to meet the requirements sooner rather than later.The consequences for businesses of not meeting the new regulations are severe, with a fine of up to 4% of their annual global turnover or €20 million, whichever is greater. Businesses should also be aware that Brexit will not save them from having to comply with the requirements, as the UK government has already committed to introducing GDPR into UK law when the Brexit process is formally completed. Businesses with customers from EU regions would have had to comply with GDPR … [Read more...] about GDPR: prepare your ERP system
On May 25, 2018, the European Union’s (EU) General Data Protection Regulation (GDPR) will take effect throughout all European Union member states. GDPR is a new regulation by which the European Commission intends to strengthen and unify data protection for individuals whose data is managed by organizations within the EU and for EU resident data worldwide. In short, every country that does business in the EU must conform to GDPR standards. Many companies, particularly in the EU, are already well on their way to compliance. Others are only beginning to consider the consequences of GDPR; they face months of hurried efforts to align with GDPR requirements. While GDPR has been widely publicized and discussed, myths abound. Myth 1: GDPR is like Y2K Some firms are tackling GDPR with the same hysteria prevalent during the Y2K millennium bug, approaching GDPR as a single project with a defined end date. But GDPR is not just a “point in time” activity. Also, many … [Read more...] about 10 GDPR myths debunked
Companies that are scrambling to comply with the European Union's General Data Protection Regulation (GDPR) have a new tool to consider: Informatica's Compliance Data Lake, unveiled this week at the Strata Data Conference in New York.With the new software Informatica is bringing machine learning to bear on compliance issues, aiming to give enterprises a comprehensive view of compliance-related data stored not only in geographically dispersed databases but also in email, social media, instant messages, financial transactions and non-traditional sources.The idea is to provide more accurate compliance analytics and reporting to ensure and prove adherence to critical regulations like the GDPR.The GDPR is the EU's latest rewrite of its data privacy laws. It enters into effect on May 25, 2018, and any enterprise -- whether it is based in Europe or not -- that processes EU residents' personal data must comply with the new regulations or face hefty fines. The GDPR requires, among … [Read more...] about Informatica brings AI to GDPR compliance, data governance
The abbreviation “GDPR” is becoming more and more often used in offices around the world. “GDPR” stands for General Data Protection Regulation, a new legislation approved by EU Parliament, which goes into effect in May 2018. As the date is approaching, discussions of how to achieve GDPR compliance is the hottest topic right now.Generally speaking, the main goal of the new legislation is protection of freedoms and rights of all individuals that are located in the territory of European Union regardless of their citizenship. It builds up on previous pieces of data protection laws and presents a more thorough approach to the issue. GDPR takes into account accelerating world of international e-commerce and offers a more detailed and up-to-date set of norms for handling personal data of company’s client base.In many aspects, General Data Protection Regulation shifts the way we handle data and most importantly grants new powers to data subjects. It’s … [Read more...] about Becoming GDPR compliant: Quickly, effectively and risk-free
The right to privacy is a long-standing concept that goes back to English Common Law. The Castle Doctrine gives us the familiar phrase, “A man’s home is his castle.” The castle can be generalized as any site that’s private and shouldn’t be accessible without permission of the owner. The idea of privacy quickly expanded to include recognition of a person’s spiritual nature, feelings, and intellect. It’s the right to be left alone.The European Union (EU) General Data Protection Regulation (GDPR) replaced the Data Protection Directive 95/46/EC to strengthen and unify data protection for individuals within the EU and address the export of personal data outside the EU. The EU parliament passed the Regulation—after four years of debate—on April 14, 2016, with an effective date of May 25, 2018.Modern U.S. tort lawThere are four categories of modern tort law in which the concept of “invasion of privacy” is used in legal … [Read more...] about GDPR: Are you ready for the new face of data privacy?