What is GDPR and Why GDPR Compliance is important?

The General Data Protection Regulation, or GDPR, is a legal document of the European Union that ensures individual protection in the processing of personal data and the free movement of such data. It became binding and directly applicable in all Member States of the European Union on May 25, 2018, after entering into force on May 24, 2016.

What is the main purpose of GDPR?

Individuals whose personal data is being processed have important rights under the GDPR, which compels those who treat personal data to comply with its obligations. Natural and legal individuals, including companies and governments, who are involved in the processing must follow the rules. Noncompliance could cost them a lot of money, as well as result in legal action and damage to their reputation.

Companies and others who deal with personal data can be headquartered outside of the EU, but they must organise their activities in accordance with the GDPR when processing personal data of EU citizens or residents. The rule also applies to those who have a presence in the EU and are involved in personal data processing. It means that the GDPR affects a huge number of people, businesses, government agencies, and others, and that they must be aware of its complexities and responsibilities.

What types of personal information is protected by the General Data Protection Regulation ?

• Name, address, and ID numbers are all examples of basic identifying information.

• Location, IP address, cookie data, and RFID tags are examples of web data.

• Data on health and genetics

• Biometric information

• Data about race or ethnicity

• Opinions on politics

• Sexual preference

What is GDPR and why should you care?

Automating business processes has never been easier

Many smart businesses use their GDPR compliance obligations to assess how well they're handling customer and client data storage, processing, and management responsibilities.

Over and above privacy issues alone, there are several advantages to be obtained through the GDPR compliance endeavour, whether it's optimising data processing and lifecycle workflows, data hygiene and cleanup, or even increased understanding of security vulnerabilities

Increased credibility and trustworthiness

• Transparency, justice, and lawfulness

• Limitation of purpose

• Minimization of data

• Limitation on storage accuracy

• Confidentiality and integrity

• Accountability

Customers will trust and believe an organisation if it can demonstrate that it follows the seven principles when making data-protection decisions. GDPR compliance, particularly data protection by design, is considered as a major differentiator in the marketplace.

Furthermore, as privacy and security become more entwined, a high level of data protection now entails a high degree of data security, an objective desired by practically every type of business.

A better grasp of the information gathered

GDPR compliance, when done properly, provides businesses with a better understanding and appreciation of their data and how it moves throughout the company.

Marketing and sales teams, for example, can benefit from GDPR's aid in gaining greater control over who they can legitimately advertise products and/or services to. This strategy usually yields smaller, more engaged audiences who are easier to target and control.

Meanwhile, privacy initiatives frequently result in the consolidation of data platforms, which can help departments like human resources by allowing for easier reporting and faster and better decision-making.

"It also helps with the employee value proposition, which is critical for recruiting and retaining employees." Employees feel more confident and comfortable about their workplace when they know that an organisation has a demonstrated commitment to privacy and security of their personal data, from how long it's kept to how it's disposed of.

Need for GDPR Compliance Netherlands

Businesses should strengthen their data security strategies by assigning someone to be solely responsible for data use and compliance concerns. This person is usually referred to as a chief privacy officer (CPO) or a data protection officer (DPO) and is in charge of implementing techniques to identify, map, and track data flows within the company.

In addition, the CPO or DPO is in charge of negotiating data-related contracts with vendors, managing data management and protection, and developing and implementing GDPR privacy policy. In most cases, the data chief is also in charge of establishing and maintaining a cybersecurity breach response plan, as well as educating and certifying employees who have access to and regulate company data.

Enterprise and brand reputation were safeguarded and improved.

Organizations can avoid potential penalties while also unlocking latent reputational and brand value by respecting consumers' privacy.

Privacy is vital to trust. Without a demonstrable commitment to privacy, businesses risk losing their brand and having their products and/or services branded as shady or weird. GDPR compliance will, in the long run, increase customer loyalty and trust, as well as open doors to increased innovation and value creation.

A level playing field in terms of privacy

Prior to GDPR, businesses doing business in the EU were regularly subjected to unfair competition from companies that paid little or no regard to personal data. In such a climate, ethical businesses struggled to figure out how to achieve a level of privacy that safeguarded customers and clients without putting their businesses at an unsustainable competitive disadvantage.

The GDPR is one of the first pieces of legislation to acknowledge privacy as a basic human right, codifying two key privacy principles: privacy by design and privacy by default.

Why is data compliance important?

GDPR compliance is becoming an increasingly critical standard for firms providing services to organisations, as well as for those trying to differentiate themselves to prospective customers.

Additionally, businesses that collect and process GDPR-affected data will be forced to comply with GDPR in order to recruit business clients, as their own GDPR compliance is linked to that of their vendors. Consumers will seek out companies who take privacy seriously as they grow more savvy and aware of privacy problems.

ENFORCEMENT OF THE General Data Protection Regulation AND PENALTIES FOR NON-COMPLIANCE

The GDPR has increased the penalty for non-compliance in compared to the previous Data Protection Directive. Because the GDPR establishes a norm across the EU for all enterprises that handle EU residents' personal data, SAs have more authority than under previous regulation. SAs have investigative and corrective powers, including the ability to issue warnings for noncompliance, conduct audits to ensure compliance, order companies to make specified improvements by specified deadlines, order data to be erased, and prevent companies from transferring data to other countries. The authorities and penalties of the SAs apply to data controllers and processors.

The GDPR also empowers SAs to levy bigger fines than the Data Protection Directive; fines are decided based on the facts of each case, and the SA can choose whether or not to use their corrective powers in conjunction with fines. Fines of up to 2% or 4% of total global annual revenue may be imposed on organisations that fail to comply with certain GDPR standards.

Businesses can use GDPR compliance services Netherlands

Small firms may not always be able to afford to develop their own data security IT or tech solutions. In many circumstances, end-to-end encrypted services that keep data inaccessible to everyone but its owner would be preferable. We've put up a list of GDPR-compliant platforms that businesses of all sizes may utilise to manage their daily communications and file storage.

GDPR compliance with Infinity Legal Solutions

Infinity Legal Solutions Law Firm Netherlands makes it easy for your company to comply with GDPR rules, providing you and your customers trust in how personal data is stored and used. We can assist you in storing data as well as monitoring your networks and applications so that you may detect potential data breach issues or unauthorised access to your data. Our analytics also enable your security team to keep a close eye on all potential problems, such as the creation and modification of data files.