The General Data Protection Regulation (GDPR) entered into force on May 25th 2018, replacing the Data Protection Directive 95/46/EC.
Designed to harmonize data privacy laws across Europe, protect and empower all EU data subjects’s privacy and reshape the way organizations across the region approach data privacy, the GDPR has introduced multiple changes, becoming the most important change in EU data privacy regulation in the last 20 years.
Although the GDPR represents a solid step forward in the protection of the personal data of the EU data subjects, it may impose a non-negligible cost to public and private organizations of any kind and size in order to adapt their data management processes and privacy policies to the new regulation.
While public bodies and large corporations can efficiently adopt the GDPR, for micro enterprises it can incur to unaffordable costs due to a lack of resources or awareness. It is of vital importance to bring support to Micro Enterprises in the correct adoption of the legislation, so they can minimize or eliminate the risks for the rights and freedoms of the data subjects, avoiding the risk of important economic fines which would seriously affect their sustainability.
Although the GDPR represents a solid step forward in the protection of the personal data of the EU data subjects, it may impose a non-negligible cost to public and private organizations of any kind and size in order to adapt their data management processes and privacy policies to the new regulation.
While public bodies and large corporations can efficiently adopt the GDPR, for micro enterprises it can incur to unaffordable costs due to a lack of resources or awareness. It is of vital importance to bring support to Micro Enterprises in the correct adoption of the legislation, so they can minimize or eliminate the risks for the rights and freedoms of the data subjects, avoiding the risk of important economic fines which would seriously affect their sustainability.