This glossary is the second in the General Data Protection Regulation (GDPR) series. GDPR aims to bring data protection into the 21st century and it is easy to get caught up with what needs to be done to be GDPR compliant. What is less frequently elaborated on in blog posts are the reasons and principles for the introduction of GDPR. In my experience, I have found it easier to understand the practical implications of GDPR after breaking down the EU’s theoretical reasons for introducing the regulation.
I have found that many blog posts and articles seem to assume that you are a GDPR expert. As I am currently researching the General Protection Data Regulation, I am coming across websites which are unclear as to the very basics of the regulation and therefore I thought it would be useful to write some answers to GDPR FAQs to refer back to when reading some more complex documents. I chose these questions to ground more complex GDPR issues.
Charges that the research firm Cambridge Analytica have misused the information of over 50 million Facebook users has been like oil to a flame in questioning the privacy of social media. How much information have social networks stored about you?
This is the first part of four of our GDPR Glossary. GDPR is an EU regulation to be implemented on the 25th May 2018 which seeks to give people more control over how organisations use their data, introduce greater penalties for organisations who fail to comply with these rules and greater protection for those that suffer a breach of data.
The tech industry in the UK has issued a warming to ministers that a transition away from EU data protection standards following Brexit will damage the UK’s status as a technology hub. Amid the growing misunderstanding amongst Brexiteers that diverging from the tough EU data protection laws will give Britain a competitive advantage compared to other EU states in this fast growing sector.
WHOIS, one of oldest tools on internet for verifying real identities, is at risk of being killed due to tough data protection with new GDPR regulations. The General Data Protection Regulation (GDPR) comes into effect in May and is an attempt to strengthen European data protection. However, it is thought that some of the new rights and responsibilities will conflict with existing technologies that have provided transparency on the internet.
UK government is under increasing pressure to confirm whether BREXIT data flow between the UK and EU will be allowed to remain uninterrupted post-Brexit. Lack of even initial negotiations on data, now the lifeblood of the digital economy representing hundreds of billions of pounds of annual trade, raising concerns that the UK focus on tech in its post-Brexit plans, may run into problems if it can’t retain access to or process EU data.
General Data Protection Regulation (GDPR) is clearly the largest external focus for companies in the lead up to its introduction in May 2018. GDPR mandates considerably tougher penalties than the current Data Protection Act; organisations found in breach of the Regulation can expect administrative fines of up to 4% of annual global turnover or €20 million – whichever is greater. Fines of this scale could very easily lead to business insolvency.
In the three months since the research undertaken by Serviceteam IT, which explored the impact of the external challenges that businesses face in 2017 and beyond, the uncertainly has not changed. The uncertainty of Brexit, the introduction of General Data Protection Regulation (GDPR), and the rise of cyber-crime, and most importantly Data Sovereignty.
The predicted immediate economic slump has not materialised but there are growing signs that the uncertainty around BREXIT is having a detrimental effect on UK business. BREXIT was identified as the third most pressing issue after GDPR and cyber-security for respondents to the survey conducted by Serviceteam IT.
Serviceteam IT Limited, 49 Frederick Road, Edgbaston, Birmingham, B15 1HN.
Copyright © 2011 Serviceteam IT Limited. Registered in England 07578043.