The GDPR regulations are a response to an increase in cyber attacks and stem from a need for greater collaboration between public and private entities to remedy this ongoing problem.
The creation of a common digital framework is an extra security barrier for one of the greatest corporate assets: data.
The new General Data Protection Regulation was approved by the European Parliament and Council of the 27 April, 2016. It came into effecton 25 May, 2016, and will begin to be enforced 25 May, 2018.
The GDPR sets standards to ensure a uniform level of protection in the processing of personal data of natural persons within the European Union and to the free movement of such data within Member States.
Panda have put together this simplified document to facilitate the understanding of the most relevant lines of the new regulatory framework and thus help organisations to obtain a top level view of the changes that the framework will incorporate.
Ultimately, the goal of this document is to help companies adjust to the new requirements.
We encourage the reader to consult the General Data Protection Regulation in full, where all requirements and their implications are given in detail.