One of the most vexing problems for organizations is mitigating GDPR compliance risks when dealing with third parties, particularly the nature and extent of obligations between data controllers and processors. By virtue of the GDPR accountability principle, organizations are required to adhere to the six fundamental principles of safeguarding privacy rights that impact the collection, processing and disposition of personally identifiable information. These obligations extend beyond the walls of an organization to third parties that process personally identifiable information. Also, GDPR provides for a broad definition of processing and imposes stringent requirements on organizations that engage third parties to process personally identifiable information.
A potentially problematic challenge for industry and legislators is the apparent tension between privacy rights and the rapid adoption of blockchain-based applications which are expected to reach $10.6 billion in revenue by 2023.
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More rigorous privacy regulations such as the EU GDPR and a number of US privacy initiatives such as the recently ratified California Consumer Privacy Act impose higher standards on data controllers and processors to safeguard privacy rights – including data subject consent management, accommodating data subject requests, data portability and more onerous data controller and processor accountability standards.
This is the 12th post in a series on privacy by Andrew Pery. You might also be interested in:
This is the 11th post in a series on privacy by Andrew Pery. You might also be interested in:
Now that the EU General Data Protection Regulation (GDPR) is in force organizations are ramping up their efforts to re-fresh data subject consent obtained prior to GDPR and under the EU Data Protection Directive 95/46/EC by virtue of which opt-out, or implied consent was permissible.