The morning of 25th May 2018 brought a new dawn in the digital era when the General Data Protection Regulation, popularly termed as GDPR, came into practice. As a strict regulation for private companies that sell or store personal information, the announcement came as an assurance to the citizens of EU and EEA who were apprehensive about the security of their sensitive data.
It stands to reason that GDPR places seemingly simplistic details like name, photo, email address, bank details, social networking updates, location details, medical information, and computer IP address into its list of personal data. Each of these pieces of information about an individual can pose serious threats related to Identity theft and fraud. However, it may be questioned as to why private companies are the targeted audience of the regulation.
To answer that query, the regulation justifies that personal data of any person is equally valuable in the public, private, or workspace. And while its protection is thoroughly observed in public spheres, the vulnerability of digital systems in the private sector is its huge setback. Here is a list of changes that a company needs to incorporate to become a GDPR compliant firm:
1. Thorough Filtration of Company’s Data
Since GDPR …