The EU’s General Data Protection Regulation (GDPR) includes an array of new obligations concerning the collection, storage and processing of personal data. Companies must clearly describe which personal data they process, in which way, and for which purposes. There are particular risks related to processing personal data, and companies must be able to manage these.
Nonetheless, the GDPR is nothing to be afraid of and no cause for despair. The aim of the regulation is to create uniform practices that allow all Member States to protect personal data as efficiently as possible. For a company, this is a matter of what personal data it processes and how the obligations introduced by the regulation can be fulfilled in its business operations. In fact, fulfilling the requirements benefits companies, as it allows them to clearly and precisely indicate how they have taken data protection into account and implemented related measures in practice. Understanding all of this as a process is key: no company’s business will remain unchanged, and it must therefore regularly review the data protection requirements.