The General Data Protection Regulation (GDPR) is a key regulation for all companies that handle personal data of customers, employees or any other third party. In an increasingly digital world, protecting personal information is not only a legal obligation, but also a sign of responsibility towards your customers. At Pactum Legal, we explain how to comply with the GDPR and protect your company against possible sanctions.
1. What does the GDPR imply for your company? The GDPR establishes that all companies that manage personal data must be transparent about how they collect, process and store that information. This includes contact data, financial information, employment history, among others. Companies must obtain explicit consent from users to process their data and provide them with access to the stored information.
2. Security measures: Protect your customers' data It is mandatory to implement technical and organizational measures to ensure the security of personal data. This includes the use of protection systems such as data encryption, firewalls, and restricted access policies. Companies must also conduct periodic audits to verify that their security measures remain effective.
3. Rights of interested parties: What can your customers demand? The GDPR grants users several rights over their personal data. These include the right of access, rectification, cancellation, opposition and portability. Your company must have clear procedures to comply with these requests in a timely and transparent manner.
4. Penalties for non-compliance Non-compliance with the GDPR can result in severe financial penalties, which can reach up to 4% of the company's global annual turnover or 20 million euros, whichever is greater. In addition, the damage to your company's reputation for not adequately protecting personal data can be irreversible.
Conclusion: Complying with the GDPR is not only a legal obligation, but also an opportunity to strengthen your customers' trust in your company. At Pactum Legal, our lawyers specializing in data protection can help you implement the necessary measures to comply with the regulations and protect the personal information of your customers. If you have not yet audited your company's processes, contact us for a personalized diagnosis.
