Starting May 25, 2018, the European General Data Protection Regulation (GDPR) takes effect across the EU. Here’s a summary of the four most important questions about data protection for companies:
What exactly will change for companies when the GDPR goes into effect?
On May 25, 2018, the GDPR becomes mandatory in all EU member states. From this day onward, anyone affected can demand their rights are enforced according to the regulations in the national courts of EU countries. Any company not complying with the law faces stiff penalties from the authorities.
Who determines how high the fines levied according to the GDPR are?
The fines have been set uniformly and can run up to four percent of a firm’s annual turnover or €20 million. The national authorities need to agree to common procedures to enforce this. Their job is to ensure the sanctions applied are both appropriate yet also a deterrent.
How will GDPR affect corporate IT security?
The data protection regulations contain a comprehensive catalog of information security measures. For the first time, there will be a standard for IT security – an important step, as many companies lacking appropriate levels of security don’t even realize when they’ve been the victim of hackers stealing their data. But now such negligence will be punished, since the GDPR requires companies to report the loss of personal data within 24 hours.
Does the Open Telekom Cloud fulfill EU data protection regulations?
Deutsche Telekom and T-Systems have already made their public cloud offerings compliant with the strict data protection regulations: They have been certified according to the Trusted Cloud Data Protection Profile (TCDP) 1.0. The certificate attests that the Open Telekom Cloud is currently one of the few cloud offerings on the market to have a legally compliant data protection certification for defined cloud services.
Learn more about all implications of GDPR for companies here.
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