Faspex GDPR
GDPR stands for General Data Protection Regulation. The GDPR has been adopted by the European Union and European Economic Area (“EU”) starting May 25, 2018.
Why is GDPR important?
GDPR establishes a stronger data protection regulatory framework for processing of personal data of individuals, impacts IBM and IBM's client contracts, policies and procedures when handling personal data. GDPR brings:
- New and enhanced rights for individuals
- Widened definition of personal data
- New obligations for processors
- Significant financial penalties for non-compliance
- Compulsory data breach notification