Personal data refers to any information that can be used to directly or indirectly identify a natural person or a ‘data subject’, including but not limited to, name, email address, photo, social media posts, medical information, bank details, and IP address.
In the light of the recent high profile data breaches, spanning industries like telecom, healthcare, cloud services, large retailers, and government agencies, which have shared the data of millions of contacts to unauthorized entities, GDPR is an excellent step to protect citizens’ fundamental right of privacy in this digital era.
If your company processes personal data of EU citizens, irrespective of the location of your establishment or the location where the data is stored, you must be ready to adopt and implement the new data protection regulation.
For example, an e-commerce website hosted and run from China, but catering to EU data subjects, must adhere to GDPR.
Here is another example, a company headquartered in the United States, but has a sales office in the EU, will also have to comply with GDPR.
Non-compliance with the General Data Protection Regulation could result in:
A penalty of 10 million EUR or 2 percent of the annual turnover, whichever is higher, in case of a less serious violation.
Major violations resulting in non-compliance to basic principles of the regulation could attract fines up to 20 million EUR or 4 percent of the annual turnover, whichever is higher.
What are the Challenges in Ensuring GDPR Compliance In-house?
Keeping your data secure in accordance with the regulations of GDPR will require advanced infrastructure and technology, which your company may not be ready to invest in.
With dedicated office spaces, equipped with the most modern infrastructure, comprising extremely secure and protected networks, hosting highly qualified and talented employees, who have undergone extensive training pertinent to the new data protection regulation, BissBay is miles ahead of its competitors with respect to GDPR compliance.
Yes, the expertise of a competent outsourcing services provider can help you ease the pressure of GDPR compliance. By outsourcing your business needs to BissBay, you can sit back and relax knowing that your operations are handled with care, accuracy, efficiency, and complete data security in compliance with the General Data Protection Regulation.
Let us help you welcome change. Let us assist you in adapting to the new regulation. You can rely on us to simplify the transition for you. At BissBay we prioritize your needs and dedicate ourselves completely to your business requirements. You do not have to be an expert in GDPR; we will handle the compliance issues for you. You do not have to worry. Simply partner with BissBay, and witness the smooth transition of your company into the GDPR era.