Issue link: https://resources.genetec.com/i/930320
The journey to GDPR How our solutions can help you prepare for GDPR compliance 25 05 18 €20M 78% The regulation will come into effect on May 25 th , 2018 Fines will be up to 4% of annual revenue or 20 million euros, whichever is greater 78% of IT decision makers are unaware of GDPR or don't understand what's coming 1 How does GDPR affect you? What is GDPR? One of the main goals of GDPR is to unify and strengthen the protection of EU citizens' personally-identifiable information (PII) data. It provides them with new rights to access and erase this information, and new obligations for organizations in the case of data breaches. PII is defined as information that can lead to the identification of a person, directly or indirectly, by reference to an identifier, such as a name, an email, or an identification number. All organizations gathering or handling data on EU citizens will be affected by GDPR. The new regulation identifies two types of organizations with different responsibilities: Data controllers Any organization that collects PII data on EU residents. In the case of physical security, a company who collects cardholder information or video footage is considered the data controller. Data processors Any organization that processes PII data on behalf of data controllers, such as cloud service providers or companies who host security systems for their customers. The General Data Protection Regulation (GDPR) is a new set of regulations that govern how organizations collect, use, and share the personal data of European Union (EU) citizens. GDPR aims to protect EU data subjects' personal data, and introduces new rights for individuals. It comes into effect on May 25 th , 2018, and organizations that do not comply risk significant fines. This guide introduces how the Genetec security solutions can help you prepare for GDPR. Not familiar with GDPR? Visit genetec.com/GDPR to learn more. 1. Source: IDC Survey, March 2017 © 2018 Genetec Inc.