No time to lose to comply with the new
EU Data Protection Regulation
Soon you will have to find, evaluate and categorize your company’s stored Personal Data (PD) in what may be thousands of databases, and create new processes in order to be compliant with the new regulation.
Consumer behavior and the Big Data created by the Internet of Things (IoT) is driving the digital transformation that is quickly reshaping all of today’s organizations. It places great demands on how personal information is being handled.
Protecting such personal information and consumer integrity has become a high priority for the EU. Under the EU’s new General Data Protection Regulation (GDPR), every consumer and citizen has the right to know how PD is being used – as well as the right to have his or her data completely erased upon demand. Naturally, this means that organizations that store consumer data must be vigilant and rigorous in protecting such data. The EU values consumer integrity to such a degree that companies who do not comply with GDPR may be fined up to 20 million EUR or 4% of annual global turnover.
With less than two years to implementation, there are a number of challenges on the path to full GDPR compliance:
- Requirements for provision of documentation upon request of all data sources, the risks associated with each and every one of them, as well as processes in place to handle PD.
- Internal processes and tools for identifying PD, controlling access to data, log user activity, and handling of data that is duplicated in many instances and databases.
This Solution Overview report discusses the challenges outlined above, and describes how SAS Analytics can deliver data management capabilities to help your organization comply with the GDPR – by 2018 and beyond.
Webinar EU Personal Data Protection
Watch our 30 minutes On_Demand Webinar on "EU Personal Data Protection 2018 - Remain compliant and avoid hefty financial penalties". This webinar will show you how SAS can help your company meet evolving data protection compliance requirements with indusry-leading analytics.