
There has been a flurry of activity worldwide due to the GDPR regulations that went into full effect on May 25, 2018. You may be wondering:
“Do I need to be concerned about the GDPR regulations?”
It’s an important question to ask because a violation of GDPR compliance could result in fines of up to $20M or 4% of your gross annual revenue. And, who can afford that?
So, how do you know if the GDPR regulations actually affect you and how you conduct business? Or, if we use GDPR-speak: “What is the material scope of the regulation?”
Article 2(1) states that GDPR regulations apply to:
“The processing of personal data wholly or partly by automated means and to the processing other than by automated means of personal data which form part of a filing system or are intended to form part of a filing system.”
GDPR regulations apply if:
And, what is being done to or with the data is either:
The GDPR regulations are focused on business being conducted in Europe.
The laws are in place to protect the personal data of consumers who are located in the EU; However; because the worldwide web is…well…worldwide, you could still be affected if you run an online business even if you are not based in Europe.
We will go into the ways that GDPR regulations affect those who conduct business from locations outside of EU in a separate blog post. For now, let’s stick to the general principles of the GDPR regulations.
Here is a breakdown of some of the terms used within the GDPR regulations:
In a nutshell, the GDPR regulations apply to use of or anything being done to data that relates to a human being. Pretty broad, right?
These confusing laws have thrown companies who process personal data into a frenzy of changes and updates on how they handle personal data. Whether a company is big or small, the GDPR regulations apply in the same way. You have probably seen a ton of emails from various service providers notifying you about “updates to our privacy policy,” some of whom you forgot that they had your data at all. That’s the proof companies worldwide have been scrambling behind the scenes to get their systems compliant with GDPR.
According to the GDPR regulations, a business entity is either a data controller or a data processor. GDPR Article 4 states that:
Within Many Companies, especially Affiliate Programs, many sellers market and sell their products to EU consumers. The sellers decide what to do with that data, which makes them data controllers who are directly bound by the GDPR. Since the sellers may share some of the personal data obtained from EU buyers with their affiliates via the An affiliate platform, affiliates are also subject to the GDPR and they are also data controllers because they choose how to use the data.
Many Companies provide a platform for its sellers to offer their products and as a service provider who processes personal data on behalf of its customers. This makes the Company a data processor and is indirectly regulated by the GDPR by virtue of the fact that sellers and affiliates need to comply with the law.
Many Companies support users all over the world, so of course, have been working hard to be compliant with GDPR regulations working with VeraSafe and their Legal Teams. For more info on the actions Companies are taking to protect personal data,
Still wondering if GDPR regulations apply to you?
Start by asking yourself the following about yourself and your business:
If you answered ‘YES’ to one or more of the above questions, you might want to look closer at the GDPR regulations. It’s worth it to protect yourself. Even though these laws are out of the EU and primarily affect people in the EU, it is likely that regulations of a similar nature will be rolled out in other areas of the world very soon. Be prepared.
As a disclaimer, I am not an expert on GDPR regulations. For the most accurate info on details of the laws, contact an attorney who is familiar with the GDPR, or visit:
See Below for a Link to Part 2 where we will look closer at how GDPR regulations affect you depending on where you live and conduct business.
to put all this Simply......
You are your own GDPR Officer unless you have someone else do it for you.
Let’s say I have a contact form on my website that collects a persons name and email address so I can contact them. I must also have a way for them to ask me to delete their information if it is stored some where. And I must delete it if they ask me to.
I am not a GDPR expert but that is my basic understanding after looking into GDPR for some clients.
GDPR is basically just trying to protect people from having their personal information abused by a company that may be reckless with that information. The person under the law has the right to ask you to not store their information and delete it if they ask you to.
As It has been stated you should learn more about it. I too have a question like what if they buy from me and PayPal obviously stores that information because it was recorded. Not sure how that fits into the law as PayPal most likely has to keep that information for the reasons of other filing laws or such. Any how I have to do some digging myself on that part.
thanks JVZoo for this Contribution.... See Part 2
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