The General Data Protection Regulation (GDPR) is more likely to affect medium and smaller business companies owing to the fact that approximately 82 percent of SMEs are completely unaware of the term GDPR and its legislative propositions. Therefore, such companies are expected to hit high rates in fines after the enforcement of the law in 2018.
Significance of GDPR for SMEs
The general data protection regulation is aimed at replacing already existed data protection laws and regulations across Europe and will be a game changer for many organizations. Further, no one should think that it is only a compliance problem because GDPR is going to impact all those private, public as well as non-profit organizations that process personal data of people who belong to EU or non-EU states.
Therefore, GDPR monitoring has become highly crucial for organizations as its law will be applied to all the organizations of the world. The companies have a trivial time period left for preparation until 25th May 2018.
Scope of GDPR for SMEs
EU has recognized the following through the GDPR:
- The right to privacy as a universal right for humans
- The right to safeguard personal information as a distinctive, impartial universal right
However, it is different to giving universal rights to human beings because these rights have been attached to the personal data of human beings. It means that human rights are different and rights given to privacy of a person are also universal rights. It makes general data protection regulation monitoring highly significant for every inhabitant of the planet Earth.
Requirements for SMEs
Therefore, in order to protect the universal rights of human privacy, EU has demanded data protection on the basis of EU-graded standards. Private and public organizations can simply consider their scope as if they fall under the jurisdiction of EU GDPR by answering only two questions as given:
- Is the organization operates in EU?
- Does the organization manipulate EU citizen’s data?
So, if the answer to any of the given questions is YES but you are pretty sure that existing data processing mechanism is aligned with provisions of GDPR then you should feel peace and enjoy business operations. On the other hand, if the answer is YES but you are not sure about the data processing mechanism; the organization must go for proper general data protection regulation monitoring as soon as possible.
A few steps will help to make your company align with GDPR:
- Provide briefings to top authorities and senior management about its law
- Devise a comprehensive strategy for it.
- Consider all factors whether a GDRP monitoring officer is vital
- Upgrade policies for data protection and governance
- Analyze propositions of GDPR in detail
- Review strategy for data management
- Examine private policies of the organization in detail