Guest post by Jonathan Clark
Product Marketing Manager – IM&G
On May 25th, 2018, the GDPR (General Data Protection Regulation) will go into effect in the EU (European Union). This new regulation will guide organizations on how they collect, process & store personal data, and will affect not only EU organizations but all those company’s around the globe that offer goods and services to people that reside in the EU. The GDPR will set strict guidelines that will ensure companies securely manage customer data with an end result being greater data privacy & protection for consumers.
Fundamentally, the GDPR is all about securely managing the content & data that your organization collects. It’s about gaining internal insight and a complete understanding of where that personal data resides, who is accessing that data and the secure handling of that information within then walls of organizations.
How does your company manage & govern secure personal data that it collects today? How many people touch that secure personal data as it flows through the organization? These are questions that you absolutely need to be able to answer when faced with compliancy requirements.
In addition to the GDPR’s new standards for how companies collect data on EU citizens, there are also some new accountability measures coming as well. There are new measures requiring companies to institute data transfer requirements, privacy impact assessments and to report data breach’s within 72 hours. For some companies this means that they will need to update their current policies already in place and for other companies it could mean more significant change.
If your company today does not have a DPO (Data Protection Officer), you might want to find out which person or group has oversight around the handling of personal data that is being collected. There are considerable fines and penalties of up to 4% of an organizations total global revenue or up to 20M euros, whichever is greater. These are hefty financial costs that I’m sure Executives would like to avoid in every way possible.
At Micro Focus we offer a Technology Readiness Assessment that will enable you to map out priorities when beginning to look at this new regulation and assist you in determining how your company will meet all aspects of this regulation. If you start with a structured approach to GDPR it doesn’t need to be a complicated process.
If your company today does not have a process around how they handle person data this is a great time to design a strategy with a risk based approach to limit exposure as best you can. The GDPR will enhance personal privacy rights by having companies increase their awareness and responsibility to protect that data. Good security and data hygiene is good business in the end.
Micro Focus offers solutions that will provide the clarity and consistency for the protection of personal data that is being demanded from the GDPR requirements, come May 25, 2018. The products within the Secure Content Management suite can offer file analysis, validation and comprehensive lifecycle management of all your data & content.
Below are some links to our Technology Readiness Assessment and some additional resources to better help you understand this critical and pending data protection regulation. Engage one of our trusted advisors today to learn more about how Micro Focus can help your organization with GDPR readiness & compliancy.
Technology Readiness Assessment
GDPR & Beyond
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