The European Union’s General Data Protection Regulation (GDPR) is the most important change in data privacy regulation in 20 years.
Facebook and its relationship with Cambridge Analytica, a company that licensed the personal data of the social network’s users, has rightly grabbed a lot of recent headlines. The EU law has been discussed and prepared for four years and was approved by the European parliament in 2016.
The enforcement date is May 25, 2018, and businesses and organizations that do not comply face heavy fines.
What exactly is GDPR?
GDPR is a new European privacy regulation that is designed to ensure that people understand what personal data organizations collect, how that data, is used and provide a way to control how that data is used.
How does GDPR affect Timewatch products?
While we are currently working to implement specific GDPR requirements before enforcement begins we already build privacy into everything we do and will continue to do so under GDPR. Our policy is to always comply with local laws that apply to our business regarding the use of personal data and to ensure that we meet the applicable standards set out in such laws.
We already apply strict policies and practices to protect data belonging to our customers as well as the data of their customers and employees. In addition, we apply our own Data Privacy Standards which protect the data we are entrusted with.
Our values and approach to privacy and data protection have enabled us to successfully serve our customers for many years and we believe our implementation of GDPR will allow us to continue to earn the trust of our customers in the future.
What does GDPR do?
GDPR strengthens the rights that individuals have regarding their personal data, and seeks to unify data protection laws across Europe.
When does GDPR come into effect?
GDPR comes into effect on 25th May 2018.
What does GDPR mean for individuals?
If you’re in the EU and use one of our European products, you will be able to:
- Ask for a copy of the personal data we have about you
- Ask for details of the number of employers (collectors) that may also hold personal data
- Request that we stop sending you direct marketing messages
- Ask that we stop using your personal data, and advise collectors of same
- Ask that we amend or delete your personal data, and advise collectors of same
- If we ask for consent to process your personal data, you can later withdraw your consent
What does GDPR mean for your business?
Every business is unique, and your requirements under GDPR may differ from other businesses – including our obligations. We intend to provide tools to our customers to help them comply with GDPR:
- Forward requests for personal data and for deletion of data to your GDPR officer
- Provide GDPR reports to allow our customers to provide details of personal data where requested in a format that can be printed and emailed.
- Provide a GDPR API that allows organizations to securely request personal data for inclusion in corporate GDPR compliance systems
- Provide APIs that allow our customers to securely amend or delete requested data
There are many resources available to help you determine how the new changes may affect your business. This includes the official EU GDPR website, and information published by regulators in the individual EU member states.
How can Timewatch help you comply with GDPR?
Meeting privacy and data security goals is important to us. As we build new tools that support GDPR, we’ll share information about features and functionality once they’re available.
You can also search ‘GDPR’ via the ‘Need Help, Just Ask’ button within our products.