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<oembed><version>1.0</version><provider_name>Loukadounos Law Firm</provider_name><provider_url>https://loukadounoslawfirm.grampos.aboutdev.gr/en/</provider_url><title>THE GENERAL DATA PROTECTION REGULATION - Loukadounos Law Firm</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="KWlCSwbxQS"&gt;&lt;a href="https://loukadounoslawfirm.grampos.aboutdev.gr/en/gdpr/"&gt;THE GENERAL DATA PROTECTION REGULATION&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://loukadounoslawfirm.grampos.aboutdev.gr/en/gdpr/embed/#?secret=KWlCSwbxQS" width="600" height="338" title="&#x201C;THE GENERAL DATA PROTECTION REGULATION&#x201D; &#x2014; Loukadounos Law Firm" data-secret="KWlCSwbxQS" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>THE GENERAL DATA PROTECTION REGULATION (EU) 2016/679 After four years of preparation and debate the GDPR was finally approved by the EU Parliament on 14 April 2016. Enforcement date: 25 May 2018 &#x2013; at which time those organizations in non-compliance may face heavy fines. The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and was designed to harmonize data privacy laws across Europe, to protect and empower all EU citizens data privacy and to reshape the way organizations across the region approach data privacy. The key articles of the GDPR, as well as information on its business impact, can be found throughout this site. An overview of the main changes under GDPR and how they differ from the previous directive GDPR Key Changes &#x200B;The aim of the GDPR is to protect all EU citizens from privacy and data breaches in an increasingly data-driven world that is vastly different from the time in which the 1995 directive was established. Although the key principles of data privacy still hold true to the previous directive, many changes have been proposed to the regulatory policies; the key points of the GDPR as well as information on the impacts it will have on business can be found below. Increased Territorial Scope (extra-territorial applicability) Arguably the biggest change to the regulatory landscape of data privacy comes with the extended jurisdiction of the GDPR, as it applies to all companies processing the personal data of data subjects residing in the Union, regardless of the company&#x2019;s location. Previously, territorial applicability of the directive was ambiguous and referred to data process &#x2018;in context of an establishment&#x2019;. This topic has arisen in a number of high profile court cases. GDPR makes its applicability very clear &#x2013; it will apply to the processing of personal data by controllers and processors in the EU, regardless of whether the processing takes place in the EU or not. The GDPR will also apply to the processing of personal data of data subjects in the EU by a controller or processor not established in the EU, where the activities relate to: offering goods or services to EU citizens (irrespective of whether payment is required) and the monitoring of behaviour that takes place within the EU. Non-Eu businesses processing the data of EU citizens will also have to appoint a representative in the EU. Penalties Under GDPR organizations in breach of GDPR can be fined up to 4% of annual global turnover or &#x20AC;20 Million (whichever is greater). This is the maximum fine that can be imposed for the most serious infringements e.g.not having sufficient customer consent to process data or violating the core of Privacy by Design concepts. There is a tiered approach to fines e.g. a company can be fined 2% for not having their records in order (article 28), not notifying the supervising authority and data subject about a breach or not conducting impact assessment. It is important to note that these rules apply to both controllers and processors &#x2014; meaning &#x2018;clouds&#x2019; will not be exempt from GDPR enforcement. Consent The conditions for consent have been strengthened, and companies [&hellip;]</description><thumbnail_url>https://loukadounoslawfirm.gr/wp-content/uploads/2018/07/DATA-300x200.jpg</thumbnail_url></oembed>
