The scope of the (General Data Protection Regulation) GDPR is broad and Australian businesses can be caught by surprise. Here’s what it means for the Australian businesses how you can prepare for it.
The General Data Protection Regulation (GDPR) is a regulation introduced in the European Union (EU) and has become enforceable since 25 May 2018. GDPR mainly addresses how companies should capture, process and store user information, and gives more rights to users to safeguard the use of their personal data. Though this is an EU law, it does have a global impact.
This new law is a replacement for a set of guidelines previously set in 1995. That was the Data Protection Directive. Unlike the previous directive, which was a set of guidelines, which companies may or may not follow – the new regulation is a law, which companies must follow. Failure to abide by the new law can enforce significant fines for the companies.
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