The EU GDPR data protection policy has wide implications for the standards of data privacy. In the field of Cyber security and privacy 2018, one of the most famed occasions was the emergence of European Union general data protection regulation (GDPR). This new standard came into force for all businesses on May 25th, 2018, which represented itself as the most broad-reaching and comprehensive data security regulation in history. To become compliant with GDPR is not only for the firms that are in European Union, but all the external firms who process personal information of EU citizens.
The purpose of GDPR compliance is to provide consumers more assets over the personal records organizations gather about them. This comprehensive solution benefits organizations with situations of contents, data breach alerts, data storage measures, and power to consumers to use and remove their information. Complete accomplishment of compliance demands for some firms to significantly modify the procedures and technologies, which they use for data management.
Oh god! There is lot of cloud computing security points covered in one EU GDPR data standard. This means that this data protection compliance has marked a dramatic change on papers. BUT, do you know what – the impact of GDPR in digital market is not as expected. It is so because still there are many organizations who are not compliant with GDPR.
A recent survey done by International Association of Privacy Professionals reported that there are less than half of the respondents who said that they are GDPR Compliant. As per the IAPP-EY Annual Governance Report 2018, nearly one out of five participants said that they feel that ‘full compliance with EU GDPR is impossible.’ Its unable to understand that ‘why so many organizations are not yet compliant with general data protection regulation?’
Be Serious – Adoption of GDPR data regulation is not optional for companies, which process personal data of EU residents. They have to pay a hefty fine, if they don’t adopt the same.
Being a compliant with GDPR could be complicated and demands for substantial investments and alterations in existing technologies and procedures. Especially, GDPR compliance is critical for data centers.
Even after coming into major force, why businesses are not yet complying with GDPR standards? What is stopping them from doing the same? The EU GDPR is not at all 1st data protection compliance ever enacted. For example – There used to be regulation named as 1988 data protection act in UK. Several states like Alabama, Vermont, Colorado, etc., have passed the data laws. Also, there exists a checklist like DFARS clause on Cyber security that enforces to the organization establishing contract with US government. The GDPR data compliance might be the most broad range of standards of its type till today’s date that could be challenging for enterprises to adhere.
To become a compliant with GDPR, there might be the requirement for substantial shifts in technologies and procedures used in firms to manage data. This particular scenario is especially applicable for organizations that tackle huge amount of data like data centers. Businesses that are in front of the curve might have already made a worth modification in the pattern they work. Still, there are several organizations who are not ahead and done no changes to become a compliant with GDPR. In order to complete the GDPR compliance requirements, enterprises have to achieve granular control over their data. They must setup an architecture, which allows them to give response to the request from consumers end. This request can be any; associated with using or removing of their personal records.
Also, industries have to create documentation and report procedures, which permit them to collect and access data along with documentation of other compliance methods. Enterprises should create strategies for maintaining a proper communication with consumers. The purpose of this respective scenario is to alert consumers that how companies are planning to use their records, and notify them within 72 hours time period, if a data breach occurs. Additionally, EU GDPR standard has a lot of financial impact on organizations in the past year 2018. It is assumed that this will continue affecting enterprises in coming years. As per the IAAP survey, organizations have invested an average of $1.3 million to become a GDPR compliant and expect to invest more around $1.8 million.
It can be a challenging task to achieve compliance with GDPR but, the advantages outweigh this challenge. Completing the GDPR checklist is important for several organizations belonging to different domains, and specifically for data storage centers. These centers play a central part in security of personal information. In order to become a GDPR complaint, data centers have to make substantial adjustments in their existing technologies and processes. Remember that adjustments are made before the rule went into effect. Following are the prerequisites for data centers to ensure compliance and a flawless transition:
Being a compliant with GDPR, comes with lots of substantial advantages for businesses as well as consumers. It deals with personal records of customers who usually have trust on companies that they will keep their data secure. Especially, it is crucial for industries (specially data storage centers) to take major steps for ensuring that they are adhering to the GDPR requirements.