What Is GDPR… And, Why You Shouldn’t Ignore It

by | Apr 3, 2019 | General Business

I want to preface this article by saying that I’m not a lawyer or a data law expert. So, if you have any detailed legal questions, I’d encourage you to seek out an internet data law lawyer.

With this said, there are still many things you can do to keep your business in compliance without being a data law expert.

Let’s discuss…

Ever heard of the General Data Protection Regulation (GDPR)?

Sounds exciting right?

This European Union data regulation was first adopted by the EU back in 2016, and it went into effect on May 25, 2018. GDPR includes various requirements that must be implemented by businesses to protect the data of their customers.

Failure to comply can result in heavy fines.

You may also be interested in: How To Protect Your Company From Email Scams

The Goal of GDPR

The goal of the GDPR is to give customers and website users much more control over their personal data that is stored and used by businesses.

From iubenda.com, personal data under GDPR includes, “…any data that relates to an identified or identifiable living person. This includes pieces of information that, when collected together, can lead to the identification of a person.”

Although you may not do business in the EU, GDPR still may have an impact on your business.

Specifically, GDPR is likely to jump-start many more data laws from many other countries. And, this is going to make for confusing times on the internet.

The SHIELD Act

For example, following GDPR, the state of New York pushed through its own bill known as SHIELD (which stands for “Stop Hacks and Improve Electronic Data Security Act”).

Similar to GDPR, SHIELD provides certain guidelines that businesses must follow to protect the data of their customers.

And, just like GDPR, massive fines can be issued for any businesses who fail to comply.

Data Law Considerations For Your Business

Let’s look at a few points for you and your business to consider:

➡︎ Many data laws already exist, and it’s important that you consult a lawyer—ideally a lawyer who is a subject matter expert in data laws—to ensure you are complying with all data laws in your area.

➡︎ New data laws will continue to pop-up, so you must stay connected to the changing data law requirements.

➡︎ It’s best practice to only store customer information that is needed for your business to operate. Storing additional data that does not provide value to your organization (and is not legally required to be stored) will increase your risk for data law compliance issues.

Finally, when you do store customer data, especially personally identifiable data, you need to ensure it’s being done in a secure way.

Ryan has been heavily involved in the world of Information Technology and entrepreneurship since the early 2000s. From small business consulting to Fortune 500 IT leadership, Ryan has a wide array of industry knowledge. He earned his BBA from the University of Iowa in 2004 majoring in Management Information Systems and later earned his MBA from the University of Iowa in 2009 with a focus on Management and Marketing. When he's not spending time with his wife and three young children, you'll find Ryan pounding away at his keyboard, spinning on his Peloton, or listening to a good audiobook or podcast.

Connect with Ryan on Twitter or Instagram.

Ryan Glick

Co-Founder, Pixelayn Innovations

Ryan has been heavily involved in the world of Information Technology and entrepreneurship since the early 2000s. From small business consulting to Fortune 500 IT leadership, Ryan has a wide array of industry knowledge. He earned his BBA from the University of Iowa in 2004 majoring in Management Information Systems and later earned his MBA from the University of Iowa in 2009 with a focus on Management and Marketing. When he's not spending time with his wife and three young children, you'll find Ryan pounding away at his keyboard, spinning on his Peloton, or listening to a good audiobook or podcast.

Connect with Ryan on Twitter or Instagram.

Ryan Glick

Co-Founder, Pixelayn Innovations