What are the implications of GDPR for businesses outside the EU?

The General Data Protection Regulation (GDPR) is an EU regulation that provides data protection and security for all individuals in the EU. It also holds businesses located outside of the EU accountable to the same data security standards as those within the EU. GDPR applies to any business (both EU and non-EU based) that processes personal data of individuals in the EU. The implications of GDPR for businesses outside the EU are significant. They are required to ensure that any data processing activities they have with EU individuals follow the standards set by GDPR. For example, data must be adequately secured, identifiable and either freely given or obtained from a legally authoritative source. Businesses outside of the EU must also put in place measures to ensure accountability and transparency in all data processing activities within the EU. Furthermore, businesses outside of the EU which process the personal data of EU individuals must ensure that appropriate technical and organizational measures are taken to guarantee the security of that data. This includes monitoring, detection, prevention and security measures which must be regularly reviewed and updated. Finally, all data processors must maintain detailed records of activities related to data processing. These records must include information regarding the specific data processing activities as well as the purposes of the processing activities and the individuals involved. They must also identify the measures taken to ensure that the personal data is secure and compliant with GDPR standards. Failure to comply with these regulations can lead to hefty fines or other sanctions.

Related FAQs

What is the role of a data protection officer (DPO)?
What is a breach notification law?
What is the Personal Information Protection and Electronic Documents Act (PIPEDA)?
What is the purpose of the GDPR breach notification requirement?
What is a data subject access request?
What is data classification?
How do I protect sensitive data?
What are the implications of GDPR for international businesses?
What is the EU-US Privacy Shield?
What is the Right to Access personal data?

What are the implications of GDPR for businesses outside the EU?

Related FAQs

Related Blog Posts