GDPR: how data protection regulation will affect your business

© Rvlsoft

The new policy advisor at the UK Chamber of Shipping, Robert Carington, has penned this interesting blog on General Data Protection Regulation (GDPR), which is set to enter UK and EU law on 25 May 2018 and could see firms fined as much as €20m for non-compliance. Essentially, the laws cover how companies handle an individual’s personal data such as name, address, dat of birth, IP address, medical information, bank details, passport number, union membership, nationality, religious belief and criminal record. “The new regulation requires companies demonstrate compliance by documenting their data-processing activities. Companies must be 100% up-to-date on when personal information should be, or has been, deleted. This regulatory pressure increases a company’s liability in the event of a suspected breach in data protection.”