GDPR is a data privacy law in the European Union that regulates the collection and processing of personal data. Businesses that operate in the EU need a strong cybersecurity framework to comply with the GDPR to avoid substantial penalties.
The General Data Protection Regulation (Regulation (EU) 2016/679) is a European Union regulation on information privacy in the EU and the European Economic Area (EEA). The European Parliament and Council of the European Union adopted the GDPR on 14 April 2016, to become effective on 25 May 2018.
Key Principles
The GDPR's goals are to enhance individuals' control and rights over their personal information and to simplify the regulations for international business. The general principles outlined in Article 5 GDPR include:
Lawfulness, fairness, and transparency
Purpose limitation
Data minimization
Accuracy
Storage limitation
Integrity and confidentiality
Accountability
Key Requirements
Under GDPR, organizations are required to
Obtain explicit consent from individuals before processing their data
Provide users the right to request data deletion, correction, or access
Ensure the privacy and protection of personal data
Provide data breach notifications within 72 hours of discovering a breach
Maintain certain practices related to the safe transfer of data across borders
Penalties
GDPR mandates strong controls over EU citizen data, including consent, minimization, and access rights, with fines up to 4% of global annual revenue for serious violations.
GDPR and Cybersecurity
GDPR requires organizations to implement appropriate technical and organizational measures to protect personal data. This includes email security controls to prevent phishing attacks and data breaches, as well as DLP solutions to prevent unauthorized sharing of personal data. Pangratis works with customers to execute a Data Protection Addendum (DPA) which reflects their data protection commitment and ensures steps to comply with applicable privacy rules and frameworks such as GDPR.