HRO Today Global Summer 2017 - 34

Risk and Compliance
Don't Ignore
The GDPR
Four things to know about the biggest change to data protection laws
in 30 years.
By Cecile Georges
Keeping up with the 50,000 or more legislative changes
that occur around the world each year can be a daunting
task for any HR team. But now, HR leaders of multinational
companies need to brace themselves for a particularly
large regulatory change: the European Union's General
Data Protection Regulation (GDPR).
Starting May 25, 2018, the GDPR will take effect and
impact all companies that operate in the European Union
(EU) or process the personal data collected within the
EU. This shakeup represents the biggest change to data
protection laws in 30 years, promising a new era of data
governance and enhanced requirements in security and
personal data processing.
For some, privacy protection reform was long overdue.
The rise of the internet and globalisation has triggered a
steady increase in international data flows. And although
sending personal data abroad has long been subject to
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HRO TODAY GLOBAL | SUMMER 2017
restrictions, for many, these attempts to safeguard data
globally never went far enough.
The GDPR is the result of four years' work by the EU to
give people more control over how their personal data is
collected, stored, and secured. Under the GDPR, the term
" personal data " covers a lot more than it used to. It could
mean any information that does or could identify a specific
individual, either directly or indirectly, such as a person's
name and birth date, their IP address, or information on
their economic or health situation.
The regulation replaces the Data Protection Directive from
1995 and was designed to iron out the current disparity
of data protection regimes across the 28 EU-member
states. By providing a single data protection framework,
businesses operating within the EU will gain a simpler legal
environment.

HRO Today Global Summer 2017

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