What is GDPR and how does it impact your business?
The General Data Protection Regulation (GDPR) was adopted by the European Union in April ,2016 and , it replaced the EU Data Protection Directive 95/46/EC. GDPR introduces new obligations and regulations to data processors and data controllers, including those based outside of the EU. The infringement of this can lead to fines of up to 4% of annual worldwide turnover or €20 million, it is important for companies to see how the GDPR affects them and be compliant.
The GDPR brings compliance across the EU regarding data privacy. The GDPR’s scope applies to non-EU members.data controllers and processors monitoring the behavior of or offering goods or services to individuals placed in the EU. The Regulation affects many industries, particularly financial services offering organizations where firms tend to hold large volumes of personal data.
Some firms need to carry out assessments, ensure effective procedures are in order and designate a Data Protection Officer to meet new accountability requirements.
What do we do?
A transparent, accountable and robust data management is required to make it compliant and secure the data .We specialize in providing this infrastructure to maximize the data’s value and protect it.
We systemize, organize and store the clients data, map the supply chain network and prevent unauthorized access while enabling collaboration, using configurable control at various levels, and data –driven data protection.
We automatically produce and maintain complete, interpretable records of data processing activities and decisions that affect data subjects by ensuring appropriate use and accountability of data handling with configurable prompts and purpose specification
We help you become compliant with the new GDPR regulations .