What are the implications of GDPR for international businesses?

The General Data Protection Regulation (GDPR) is a law passed by the European Union that impacts any business, based either inside or outside of the EU, that collects and processes the personal data of EU citizens. This law affects Arkansas businesses and those of any other state or country, which do business with citizens of the EU. The implications of GDPR for international businesses are far reaching. Businesses must make sure that they are compliant with the GDPR or they can face hefty fines. They must have a process for obtaining consent from EU citizens when collecting their data, monitoring data protection policies, and establishing data breach protocols. Businesses must be proactive and protect their customers’ data by encrypting the data, ensuring secure backups are in place, and providing firewalls and antivirus protection. Businesses must also be aware of their obligations for international data transfers. With GDPR, businesses cannot send personal data outside of the EU unless they have appropriate safeguards in place to ensure that EU citizens’ data will still be protected. Additionally, GDPR requires businesses to report any data breach that is discovered to the supervisory authority within 72 hours. The implications of GDPR can be overwhelming, but they must be taken seriously. By following the law, businesses will be able to protect their customers’ data and remain compliant with international regulations.

Related FAQs

What is the purpose of data minimization?
What is the purpose of the GDPR accountability principle?
What is the difference between security of data and security in data?
What is the California Shine the Light law?
What is the California Consumer Privacy Act (CCPA)?
What is the purpose of data security laws?
What is a Data Retention Policy?
What is the difference between GDPR and the US data protection laws?
What should I include in my data security policy?
What are the penalties for not complying with data security laws?

What are the implications of GDPR for international businesses?

Related FAQs

Related Blog Posts