Uploaded on Aug 9, 2018
GDPR compliance will help the business to get rid of hefty fines and penalties. Every company working in EU are subjected to more security and protection policies. So, it's a mandatory that those companies must be GDPR Compliant. A certified course in GDPR will make you aware of its importance for the present and the near future.
GDPR Fines and Penalties: Protect Your Business
GDPR Fines and Penalties:
Protect Your Business
+353 1 4 111011 gdprcourse.com
GDPR imposes a large amount
fine of 20 million Euros or 4
percent of annual global turnover
for non- compliance, whichever is
highest. GDPR is an important
data privacy policy that affects
every business worldwide for all
individuals within the European
Union (EU) and companies that
have distribution or clientele in Europe must follow the GDPR mandate. This
regulates helps companies and business for better protection of consumer
privacy and to ensure better handling of all customer information.
Personal data or information from a person in Europe, are subject to more
security and protection policies. Each and every company or business must
provide access to the privacy policies of a company to the customers. The
companies which don’t have a current customer base and if any employees that
work in the EU can be affected by GDPR.
Many companies such as Google (GOOGLE), Facebook (FB) and other big tech
companies are affected by the changes. It is difficult to comply these large
companies as they are handling a huge amount of data. It is really important to
make your company and business to comply with GDPR to avoid heavy
penalties.
Types of business under GDPR regulations:
● Cloud service providers
● Insurance companies
● Telecommunication companies
● E-gaming sites
● Apps or websites that use cookies or other means of tracking behavior
● Websites accepting payment in Euros or targeted at residents of a
particular EU country or countries.
● Use of an IOM company by a non-EU company to offer its goods and
services to EU residents.
+353 1 4 111011 gdprcourse.com
Effective methods to avoid GDPR Fines
1. Make sure all data is organised.
2. Make sure all personal data is securely stored.
3. Have a documented policy on data processing.
4. Delete data that you don't need.
5. Have a process in place for data deletion.
6. Change all marketing Opt in to active consent.
7. Implement double Opt in for all mailing lists.
There are many criteria to determine the amount of the fine for a non-compliant
company or business:
Nature of Contravention: Many business and companies are affected,
damaged during contravention, and purpose of processing
Mitigation: During the migration of data
Preventative measures: Is the company take any preventive measures towards
GDPR compliance before.
History: Past administrative corrective actions under the GDPR, from warnings
to bans on processing and fines.
Data type: what types of data is been processed.
Notification: whether the Contravention was reported to the supervisory
authority by the company itself or a third party
Certification: whether the firm had qualified under approved certifications.
Other: Other factors include the financial impact on the firm from the
contravention
So, it is always better to take a certified course in GDPR from an affiliated
company to avoid heavy penalties due to non- compliance.
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