Facts about Achieving GDPR Compliance according to Realtimecampaign.com

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Facts about Achieving GDPR Compliance according to Realtimecampaign.com

Facts about Achieving GDPR Compliance according to Realtimecampaign.com

In the European Union, the General Data Protection Regulation defines all citizens’ data privacy rights. Companies operating in the EU must comply with this regulation or face serious penalties. Even if a company isn’t located in the EU, it must protect EU customer data. Every company needs a compliance officer to monitor their data systems, and all IT systems must meet standards. Here are some facts about achieving GDPR compliance.  

Hefty Penalties for Violations

The EU can fine companies 2% of their annual earnings for one violation of the General Data Protection Regulation. Data centers and IT systems must block all vulnerabilities and prevent data privacy violations. The regulation protects EU customers who are victimized by identity theft. Companies that don’t prevent security breaches are liable for customer losses.  

Customers Must Give Consent for Data Collection

Customers and website visitors must give their consent before companies collect their data. Customers must be able to opt-in or out of providing sensitive data to the company. Companies can’t store customer data for purchases, email marketing lists, or share customer data without consent. The GDPR penalizes companies if they don’t give customers a chance to opt-out. Business owners find more information here about these requirements.

Companies Doing Business in the EU Must Be Compliant 

Any business that sets up operations in EU territory has to stay compliant. The regulation applies to companies who have physical locations or ship products there. Any e-commerce business that doesn’t protect its data centers will get fined if they sell products in the EU. There’s no difference if the company’s located in the US. Companies that let data from European customers get stolen can get penalized according to realtimecampaign.com.

Applies to All Types of Sensitive Data 

Since 95% of American companies not GDPR compliant, the companies must update their data systems. GDPR applies to all sensitive data, including customer names, email addresses, financial info, and contact info. The company’s data administrators need GDPR-compliant security schemes. A company that fails to protect even one piece of data is breaking the law. 

All Users Have Privacy Rights 

The GDPR protects the privacy rights of EU customers and website users. It’s up to the companies to give these customers access to their data. Customers must be informed about how their data is used and have the right to transfer their own data at any time. Clients have the right to withdraw their consent and restrict data processing. 

Must Have a Designated Compliance Officer in the EU 

General Data Protection Regulation requires companies in the EU to have a compliance officer. It’s the worker’s job to check the data systems and customer connections to prevent data theft and corruption. Compliance officers are responsible for mitigating customer risks and reporting illegal practices. Check out compliance officer requirements from service providers like Sidley Austin

There are strict regulations in the EU for protecting customer data, and all companies must keep up with them. In the EU, identity theft can lead to hefty fines and company shutdowns. Companies must get their customers’ consent before storing or acquiring their data. Get more information about GDPR compliance today.

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