General Data Protection Regulation

A Quick Glance

25th May, 2018 marks the day on which GDPR that replaces the Data Protection Directive 95/46/EC comes into force around Europe. The purpose of this reform is to give EU citizens control over their personal data, and harmonize data privacy laws across Europe. It is designed to protect and empower all EU citizens’ data privacy and to reshape the way organizations across the region approach data privacy.

GDPR Compliance with Ultria's AI-based Contract Management Solution

Learn about the key challenges of General Data Protection Regulation (GDPR) and how Ultria's AI-based contract management solution helps in achieving GDPR compliance.

Key pointers surrounding GDPR

Data Breach

Data Breach

Data Breach

Data Breach

  • If an organisation discovers it has suffered a data breach it will have to inform the supervisory authority within 72 hours of first identifying the issue.
Consent

Consent

Consent

Consent

  • Any business that is going to store and use a person’s data must ask that individual for consent, as well as explain what the data will be used for.
Right to Access

Right to Access

Right to Access

Right to Access

  • Individuals will be able to submit a Subject Access Request (SAR) to a company requesting all the data it holds on that person.
  • The company must be able to provide electronic copies of that data, as well as explain where the data is stored and what it is being used for.
Data Portability

Data Portability

Data Portability

Data Portability

  • Linked to the right to access, individuals will also be able to obtain and reuse their personal data for their own purposes across different services and businesses will therefore be required to provide that data in an appropriate format.
Right to be Forgotten

Right to be Forgotten

Right to be Forgotten

Right to be Forgotten

  • Individuals can request a business holding their data not only delete it, but also not to share it with third parties.
DPO

DPO

DPO

DPO

  • Any organisation storing or processing personal data will have to appoint a Data Protection Officers (DPO).
Penalties

Penalties

Penalties

Penalties

  • Fines for failing to comply with the laws can be up to four per cent of the businesses global annual turnover or up to €20m.
Scope

Scope

Scope

Scope

  • Organisations in the EU and organisations outside of the EU who process the data of EU residents will have to comply with GDPR.

To know more about how Ultria is compliant with GDPR

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Your information will be used to send you this and other relevant offers by email. We will never sell your information to any third parties. You can, of course, unsubscribe at any time. View our full GDPR Policy.