In this video, Mandy Huth reviews the compliance deadlines and penalties under GDPR. Explore the timing of GDPR, compliance, and the fines and penalties that may be imposed for noncompliance.
- [Commentator] Any organization…with EU business transactions…will be subject to the GDPR regulation.…The countdown has begun,…and organizations need to be ready.…This regulation was adopted by the EU Parliament…on April 14th of 2016.…The parliament then gave member states…and any impacted organization two years…to comply with the regulation.…What does compliance mean under GDPR?…Compliance is really about having mechanisms in place…to protect data.…
Note that there is no definitive definition…for the word reasonable in this regulation.…So organizations must be diligent about what is required.…GDPR is designed to protect consumers and businesses.…So the governing body may be stringent about this regulation…to show the importance of its provisions.…What happens if you're not ready?…There are levels of fines that can be assessed…on any organization that is found to be noncompliant.…
On the lower limit, a company can be fined 2%…of its annual revenue.…Note that that is not net profit but all global revenues…or ten million euros,…
DISCLAIMER: Neither LinkedIn nor the instructor represents you, and they are not giving legal advice. The information conveyed through this course is not intended to give legal advice, but instead to communicate information to help viewers understand the basics of the topic presented. Certain concepts may not apply in all countries. The views (and legal interpretations) presented in this course do not necessarily represent the views of LinkedIn or Lynda.com.
- Compliance deadlines and penalties
- Data controllers and data processors under GDPR
- Exploring the role of the data protection office
- Technical measures outlined in the GDPR
- Reviewing the right to be forgotten and the situations that allow erasure
- Rules for children under the age of 16
- Breach notification