What companies need to know now about the GDPR
The General Data Protection Regulation (GDPR) came into force in 2018 and aims to protect personal data in a uniform manner in the European Union (EU). Core principles such as data minimization, purpose limitation, transparency and the integrity and confidentiality of data are fundamental cornerstones of the regulation. Companies must ensure that they collect, process and protect personal data in accordance with the law.
Companies are faced with the task of regularly updating their data protection processes. New requirements, such as the documentation of AI decision-making mechanisms or compliance with data protection standards along the supply chain, require investment in processes, technologies and training. Medium-sized companies in particular could face organizational and financial challenges here.
Agenda:
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- What’s new with the GDPR?
- FIS-ASP and the GDPR
- Conclusion
1 What's new with the GDPR?
The GDPR is regularly adapted to new developments. The adjustments to the GDPR are primarily intended to strengthen the protection of personal data and adapt it to technological developments. One focus is on regulating modern technologies such as AI and improving security in global supply chains. At the same time, the legal framework for international data transfers is to be made clearer and more future-proof.
2 FIS-ASP and the GDPR
FIS-ASP is competently positioned in the area of data protection and, with the help of the external data protection officer, ensures that all legal requirements of the GDPR are consistently complied with. The protection of personal data is a top priority, ensuring the highest security standards and transparent data protection processes.
By continuously optimizing internal data protection measures and using technical security solutions, FIS-ASP ensures that data is processed securely and in accordance with regulations. In addition, great importance is attached to regular awareness-raising and further training in order to effectively implement data protection guidelines in all areas of the company.
With this holistic approach, FIS-ASP underlines its commitment to data protection and data security – so that all data generated in our company is reliably protected at all times.
3. Conclusion
Professional handling of data is not only a legal requirement, but also a strategic success factor. Attentive monitoring of changes and proactive action minimize legal risks and make effective use of opportunities. Despite the challenges, the changes offer opportunities in that they can strengthen the trust of customers and business partners and offer competitive advantages.