Angela Mitropoulos |
George Karras |
Christos Ladas Off Counsel .... |
REGULATORY FRAMEWORK
The General Data Protection Regulation
The General Data Protection Regulation (EU) 2016/679 aims to set a general frame for the protection of EU citizens’ personal data and provide a concrete context for the processing of their personal data by public authorities and private companies. The regulation not only strengthens and unifies the data protection regime for EU citizens/residents, but also defines strict principles for the transfer of personal data to third countries (outside the European Economic Area, i.e. outside the 28 EU countries plus Norway, Iceland and Lichtenstein).
Organizations, both public and private, that operate within the EU or that process EU citizens’ data, must adapt to this new reality and make sure that their operations/actions are in line with the requirements of the new regulation. The real value of GDPR is that it shifts the power over personal data from the hands of organizations, to those of natural persons. Non-compliance can be costly for all types of businesses, ranging from multi-nationals down to micro-enterprises. Severe infringements could result in a fine of up to €20 million, or 4% of the firm’s worldwide annual revenue based on the preceding financial year, whichever amount is higher. As a consequence, companies must not confront GDPR as just another legal framework that they should initially comply with and then overlook. On the contrary, they should set as a priority the cultivation/adoption of a privacy culture within their business environments and integrate data protection into all aspects of their day-to day operations, first as a mentality and then as a legality/necessary compliance measure.
A company or organization is required to appoint a Data Protection Officer (DPO) when:
- Personal Data is processed by public authorities
- A company regularly and systematically monitors data subjects on a large scale, or
- The core activities of the company involve processing of Special Categories of Personal Data
Companies must meet the following obligations:
- To process legally, fairly and transparently their clients’ personal data
- To collect personal data only for defined, explicit and legitimate purposes
- Data processing should be limited to the purposes for which the personal data were initially collected
- The personal data must be kept accurate and up-to date.
- The personal data should be kept for no longer than necessary for the purposes for which they were collected
- The processing is performed in a manner that ensures the appropriate data security and protection against unauthorized or illegal processing, loss, destruction or damage.
SERVICES
DATA PROTECTION SERVICES
of high-standard data protection
services and solutions tailored made
to clients’ business needs
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BUSINESS CONSULTANCY
professionals, GAGDPR offers a wide
range of business-related consulting
services, focused on SMEs
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