Make sure you know data rule

Study Shows U.S. Consumers Want Regulations Protecting Personal Data

So, are you GDPR-ready?

If it does, here are five of the most urgent steps they should take, data protection attorneys told Bloomberg Law. Speaking in the House of Commons earlier this month (May 9), Margot James, minister for digital and creative industries, said it was because "primary care providers process sizeable quantities of sensitive health data". And yes, even if you are a US company, this regulation will likely affect you. This shows that client data is a priority for your practice and as a result, clients will be more inclined to trust you with their business and personal data. But can the EU really enforce the new regulation against USA companies without any physical presence in the Union?

"My Account", the central hub that brings together all the different ways users could review Google security, privacy and ad settings, has been improved.

As with the Data Protection Act (DPA), the GDPR specifies that the processing of personal data must be in line with the data protection principles.

There has been unprecedented development of data protection and data privacy around the world, which can create serious challenges for companies, says Sharon van Rooyen, Africa leader for fraud investigation and dispute services at EY.

These concerns appear to have arisen or grown due to very well publicised matters like the Cambridge Analytica case and the way in which Facebook processes personal data. It may be necessary to fulfill a contract, fulfill an obligation, or other legitimate interests or consent. Companies and their legal counsel will have to monitor closely the evolving national implementation laws across European Union member states in order to have a full picture of the European Union data protection landscape. Similarly professional networking platform LinkedIn split data governance for users between their Ireland subsidiary and U.S. subsidiary. The attendee must have the option to opt out of their data being collected. If so, we will retain data in accordance with your consent.

Conduct a comprehensive data audit to understand data source, collection and processing.

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While these rights require processes to be in place to ensure they are met, the ICEAW explains that not all the rights are absolute.

Signage in the exhibit hall will remind attendee that if they allow their badges to be scanned, exhibitors will collect data. They have the RIGHT OF ACCESS, which gives them access to their data and to see how it is being processed. It's a right to know what kind of data is used by a business about a person, and why. If there is a data breach, the individual must be notified within 72 hours of the data breach. Data protection should be designed into the business process, program or app so that the data protection is there by default.

But the GDPR also offers the opportunity to develop a new confidence pact with customers by enforcing transparency around goal of data collection and storage. Article 32 states, in part: "the controller and the processor shall implement appropriate technical and organizational measures to ensure a level of security appropriate to the risk".

So, what is required? Ultimately, a beneficial service that uses data ethically should have few issues, if any. Additionally, GDPR covers both paper and electronic data.

With accountants handling a vast amount of data on a daily basis, it is vital for firms to ensure they have procedures and policies in place to meet GDPR requirements. The EU regulator has set out to protect the personal data of its residents within the EU as well as globally wherever the data might be transferred to or stored. It might even be more important for that company than the Protection of Personal Information Act (POPIA).

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