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[Frontpaged] Connectify 2018.4.0.39090


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a short definition of General Data Protection Regulation (GDPR) :


In less than 200 words, tell me what GDPR is

Firstly, GDPR affects every company that holds personal information about an individual - including users, customers, and even staff members, who reside within the European Union, whether that company is EU-based or not.


This new law is built on the principles of transparency and control. As an example, companies can no longer email individuals unless they've specifically opted-in to receive emails. Also companies have to explicitly state what personal information they are storing and why - hence all those Privacy Policy updates.


Furthermore, individuals will have greater rights when it comes to their Personal Data. They can request to access their personal information stored, and if they so desire they can also choose to suspend or freeze processing of their aforementioned personal information. Under the right circumstances, you can even request to have your account deleted. Those right circumstances will take into consideration that an individual has no further commitments to the company - those of you wanting to get your Credit Card accounts deleted will have no joy we're afraid if you have outstanding debt.


Regulators will now be better 'armed' to investigate and take action against companies that flout GDPR, with the maximum fine reaching €20 million or 4% of the company’s global annual revenue for the previous financial year, whichever is higher.



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