The European Union has taken a monumental step in protecting the fundamental right to privacy for every EU resident with the General Data Protection Regulation (GDPR) which will be effective from May 25, 2018. Simply put, EU residents will now have greater say over what, how, why, where, and when their personal data is used, processed, or disposed. This rule clarifies how the EU personal data laws apply even beyond the borders of the EU. Any organization that works with EU residents' personal data in any manner, irrespective of location, has obligations to protect the data. FL3XX is well aware of its role in providing the right tools and processes to support its users and customers meet their GDPR mandates.
At FL3XX, we have always honored our customers’ right to data privacy and protection. As a B2B Saas provider we have no necessity to collect and process users' personal information beyond what is required for the functioning of our products, and the needs of our customers.
Over the years, we have demonstrated our commitment to data privacy and protection. We already have strong Data Processing Agreements, and we are revising them to meet the requirements of the GDPR. FL3XX recognizes that the GDPR will help us move towards the highest standards of operations in protecting customer data.
FL3XX is GDPR compliant as of October 2017. As a data processor, FL3XX understands its obligation to help customers get ready for the big day. We have thoroughly analyzed GDPR requirements and have put in place a dedicated internal process to drive our organization to meet them. Some of our ongoing initiatives are:
We understand that meeting the GDPR requirements will take a lot of time and effort. And as your partner, we want to help you make your process as seamless as possible, so that you don't have to worry about compliance and can focus more on running your business. Some of our product enhancements are about to make it easier for you to:
If you are just getting started with GDPR compliance in your organization, here's a quick to-do list to keep in mind.
EU's General Data Protection Regulation (GDPR) is a game changer in data protection and privacy laws. The EU has realized that while technology has evolved drastically in the last few decades, privacy laws have not. In 2016, EU regulatory bodies decided to update the current Data Protection Directive to suit the changing times. This law creates a comprehensive list of regulations that govern the processing of EU residents' personal data.
GDPR applies to any organization that works with the personal data of EU residents. This law introduces new obligations for data processors while clearly stating the accountability of data controllers.
This law doesn't have territorial boundaries. It doesn't matter where your organization is from — if you process the personal data of subjects of the EU, you come under the jurisdiction of the law.
A breach of the GDPR incurs a fine of up to 4% of annual global turnover or €20 million (whichever is greater).
Data subject - A natural person residing in the EU who is the subject of the data
Data controller - Determines the purpose and means of processing the data
Data processor - Processes data on the instructions of the controller
Supervisory authorities - Public authorities who monitor the application of the regulation
Any information relating to an identified or identifiable natural person. The identifiers are classified into two types: direct (e.g., name, email, phone number, etc.) and indirect (e.g., date of birth, gender, etc.).
New & enhanced rights for data subjects - This law gives an individual the right to exercise complete authority over their personal data. Some of the rights highlighted in the regulation are:
The data of European FL3XX customers will reside in our EU data centers; the data of US FL3XX customers will reside in our US data centers.
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