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What is EU GENERAL DATA PROTECTION REGULATION(GDPR)?
GDPR is a legal framework by which the European Parliament, the Council of the European Union and the European Commission intend to strengthen and unify data protection for all individuals within the European Union (EU).Why is eu GENERAL DATA PROTECTION REGULATION (GDPR) IMPORTANT Important?
The introduction of the EU-GDPR requires that all companies review existing data processes and create numerous new processes. In addition, existing models, checklists and contractual documents must be revised. Furthermore, technical and organizational measures must be adapted. Organizations that fail to comply with the new regulation face fines of up to 20 million Euros or 4 percent of their global annual turnover.
TÜV SÜD recommends that organizations identify processes falling under the scope of the GDPR, and that they conduct initial checks by aligning existing processes with the new requirements. As the EU GDPR has already come into effect, it is high time to complete the implementation of compliant processes and systems.
A leading expert on regulatory frameworks and process optimization, TÜV SÜD supports businesses in the process of becoming EU-GDPR compliant.
TÜV SÜD experts can help you and your organisations in their end to end GDPR journey. TÜV SÜD can support with:
Brand Equity: Helps improve your Brand Equity Showcasing Organization’s seriousness related to global data protection standards and handling of client data
Global Clientele: Becoming GDPR Compliant helps organizations to partner and work with Global clients that demands Data Protection compliance
Saves Heavy Financial Liabilities: Organizations that fail to comply with the new regulation face fines of up to 20 million Euros or 4 percent of their global annual turnover.
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