GDPR
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GDPR

The General Data Protection Regulation, or GDPR for short, is a big deal in the world of data protection. It’s a set of rules that came into effect across the European Union (EU) on 25 May 2018, and despite Brexit, it still applies in the UK through the UK GDPR. Its main goal? To give individuals more control over their personal data while simplifying the regulatory environment for international business.

The Key Points of GDPR

Consent: If a company wants to use your personal data, they need to get your permission first, and it has to be given freely, not hidden in a maze of legal jargon.

Access: You have the right to see what personal data a company has about you, why they have it, and who they share it with. This is called a Subject Access Request.

Data Portability: You can ask for your data in a format that lets you easily take it from one service provider to another. Handy, right?

To Be Forgotten: Also known as the right to erasure, this means you can ask for your personal data to be deleted under certain conditions.

Data Protection: Companies need to keep your data safe from breaches. If something goes wrong, they have to tell you and the relevant authorities promptly.

What It Means for Businesses

If you’re running a business, GDPR can seem daunting, but it boils down to respecting people’s privacy and protecting their data:

  • Get consent before collecting or using personal data.
  • Be transparent about why you’re collecting data and what you’ll do with it.
  • Protect the data you collect like it’s precious—because it is.
  • Train your team so everyone understands the importance of data protection.
  • Have a plan for data breaches, so you’re ready to act fast if one happens.

Fines and Penalties

Failing to comply with GDPR can hit your wallet hard. We’re talking fines up to €20 million or 4% of your global annual turnover, whichever is higher. It’s not just about the fines, though; your reputation could take a hit, too.

The Bottom Line

GDPR is all about giving people power over their personal data and pushing companies to be more transparent and secure in how they handle this data. For individuals, it means more rights and protections. For businesses, it means taking those rights seriously and putting data protection at the heart of what you do. In a world where data is everywhere, GDPR is making sure it’s handled with the care it deserves.

Contact us to find out more and get help putting the right policies in place to be compliant.

Ip protection patents services
Des working on IP Licensing with Birmingham Law Firm Burley Law
Ip protection patents services
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