The new European General Data Protection Regulation (GDPR) sets wider and more stringent requirements in data regulation and introduces a new figure: the Data Protection Officer (DPO).
The main task a DPO is to ensure that a company’s activities are in line with the new rules, and to help to avert huge fines.Fines could amount to €100m, or 2-5 percent of the company’s global turnover, the greater figure applies. The Regulation would apply not only to data controllers and processors established in the EU: the new rules impact every entity that holds or uses Europeans’ personal data both inside and outside of Europe.
Even without taking future controls into consideration, companies are strongly advised to explore the need of organisational adjustments before the regulation becomes law.
How can a DPO help your company, in detail?
A DPO can advise you on how to adjust your business model to upcoming regulation, and at the same time maximising your benefits from data analytics. This is our ‘smart compliance’ approach.
In our White Paper, we analyses in detail how your Company can benefit from a Data Protection Officer, considering the risks associated with your data processing operations, regardless of the legal requirement.
Whilst advising the employees who are processing data of their obligations pursuant to EU Regulation and National rules if needed, the DPO can draft the data protection impact Assessment and monitor its performance. An expert DPO can also draft and advise on standard contractual clauses and binding corporate rules as legitimate frameworks for transferring EU citizens’ data out of the EU- both to the USA and other countries.
Companies are advised to assess which organisational and behavioural changes are needed, and implement changes as soon as possible. A DPO is the most adequate person to advise and inform a company on this matter, to help draft an adequate privacy policy and to deal with complicate issues of extra-territoriality in data protection.
You can download for free our Data Protection Officer White Paper by registering to our Knowledge Centre.
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