No time to lose to comply with the new EU Data Protection Regulation - deadline is May 2018
Soon you will have to find, evaluate and categorize your company’s stored Personal Data (PD) in what may be thousands of databases. In order to be compliant with this new regulation, in due time, new processes have to be in order.
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 treated.
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 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 one and a half year to implementation, there are a number of challenges 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
SAS Institute invites you to download a Solution Overview here. This paper discusses the challenges outlined above, and describes how SAS analytics can deliver data management capabilities to help your organisation comply with the GDPR – by 2018 and beyond.
Listen to 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 industry-leading analytics.