In Europe, a new regulation becomes a federal law in May 2018. The regulation applies specifically to personal data retrieved from customers and how it is transferred or stored. The new law imposes serious penalties for companies that aren’t compliant. A local vendor offers solutions that are compliant with the General Data Protection Regulation.
Enforcing Consumer Rights
The standard practices for storing data aren’t adequate enough to protect confidential information. Too often, reports of data breaches are mismanaged, and customers are facing financial hardships. Current implementations and protocol don’t utilize strict practices to protect consumer rights. Under the new law, all consumer rights are enforced and protected.
What is Personal Identification Data?
Under the new laws, personal identification data is information pertaining to any consumer’s identity. All data connected to the consumer is considered personal identification data. New standards require further encryption to protect the data. It also requires provisions for reporting any compromises of the information systems.
What is a Reasonable Level of Protection?
The federal law defines a reasonable level of protection as using superior security schemes to protect consumer data. A failure to provide protection for consumers results in hefty government-based penalties. All companies must provide a reasonable level of protection by May 25th, 2018.
What Does the GDPR Eliminate?
The GDPR eliminates outdated directives that have been proven inadequate. The new directives maintain the privacy of all consumers who make online and on-site purchases. All data stored in a company’s information systems must be hackerproof and protected properly. The on-site information systems and website data storage systems must be compliant with the new regulations.
Who Must Follow the Regulations?
All companies that are operational inside Europe must follow the new regulations. It doesn’t apply to European companies owned or operated outside of Europe. The only exception is if the overseas European company allows European citizens to buy their products online.
In Europe, the government enforces a new law on May 25, 2018. The regulations cover consumer-based data and how it is managed by local companies. The laws require new solutions to protect confidential consumer data from outsiders. Companies that need more information about a GDPR solution contact technology vendors now.