Fonixtree Standardization in compliance of GDPR
Introduction to GDPR
Concepts of GDPR
Processing Principles
Fonixtree Standardization
What's General Data Protection Regulation? (GDPR)
- A law enacted to protect personal data of citizens and residents in the EU
- Called GDPR for short
- A substitution of the EU Data Protection Directive issued in 1995(95/46/EC Directive).
- Applicable to internet technology development, including cloud computing. Internet, and big data.
Jurisdictional Principles of GDPR
Territorial Principle
The enterprises or branches whose main establishment are located in the EU shall follow GDPR.
Personal Principle
If the enterprises outside the EU need to
- Collect and process personal data to provide goods and services for identifiable natural persons in the EU whether free or not or
- Collect and process personal data to monitor the activities of identifiable natural Persons in the EU
Punishments Resulting From the Violation of GDPR
Supervisory Authority can audit, investigate, correct, fines, prohibit data processing, suspend data transfer to third countries, breach of contract, and individual prosecution.
OR
10 million euros
or
2%
of annual revenues (the higher of the above two)
20 million euros
or
4%
of annual revenues (the higher of the above two)
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