May 16, 2018
The European Parliament Civil Liberties Committee is holding a series of conferences this week to go through many aspects regarding the launch of the new General Data Protection Requirement on May 25.
The meetings are intended to look at the details concerning the application of the package with intergovernmental organizations, law enforcement authorities, enterprises and IT experts.
These meetings come at the end of a two-year time given to European Union Member States to get ready for the launch of the new law. It’s expected that some time will be consumed studying how the arrangements for GDPR have gone.
The main goal of GDPR is to create a set of standardized data protection rules across all the European Union Member States. In doing so it’s expected that European Union citizens will have a better knowledge regarding how their personal and private data is being used. It will make clear to folks how they can complain about how their private data is being used, even if they aren’t in the country where it’s located.
After an official ‘Trilogue’ period from June 24, 2015 to December 15, 2015 the draft law was approved and signed in January 2016.
From May 25, 2018, organizations and companies that store private information will be subjected to many strict fines if they are found to be in violation of GDPR. This involves a tiered-fine structure aimed at eliminating potential breaches as it will encourage companies/organizations to make sure that they are compliant. The higher end of GDPR violations will see a penalty of up to 4% of a company’s international revenue or a penalty of €20m, whichever figure is higher.
Most big firms have already tackled their internal processes and procedure to make sure that they are compliant with GDPR and European Union Member States have amended their law to allow for the articles of GDPR to be applied with no constitutional disruption.