The GDPR has gone into effect as from May 25th, 2018.
GDPR stands for General Data Protection Regulation and it replaces an earlier data protection regulation for the EU.
The GDPR is an EU law that was passed in 2016 and becomes enforceable from May 25th, 2018.
The GDPR is all about personal data and what online companies and websites are allowed to do with it.
If the long list of strict GDPR regulations is not followed, the penalties are stiff.
Who needs to be GDPR compliant?
Don’t think you’ve dodged a bullet just because you don’t live in an EU member country.
The GDPR doesn’t just apply to businesses based in the EU.
If anyone from the EU visits your website, you are required to be fully compliant with this brand new regulation.
If you get leads from people in the EU or people from the EU share any kind of personal data with you, you absolutely MUST be GDPR compliant.
That means affiliate marketers, bloggers, CPA marketers, product owners, list-builders, e-commerce store owners, and even online service providers MUST become GDPR compliant to avoid massive fines.
And failure to comply can result in massive fines that can shut down your entire business.
Ensuring your compliance with the GDPR is crucial to your long-term business success.
By now, all the big websites out there like Facebook, YouTube, Google, and many others have already updated their terms of service and the way they interact with their customers to ensure compliance.
That’s because non-compliance with the GDPR carries extremely steep penalties…
In the case of data breach or non-compliance with the GDPR regulations, you can be fined up to 4% of your annual global turnover OR 20 million euros…
…whichever is greater.
That’s a lot of money.
Money you don’t have to give a government agency for not following the rules.
To ensure your compliance with the GDPR you need to:
- Study the working of the GDPR in great detail and likely hire an attorney.
- Modify the processes and systems in your business to ensure that your online business is compliant.
- Hire coders and designers to make sure GDPR compliance is built into every single website you have online.
- Continually review what you’re doing to ensure compliance.
For most online businesses, all these are just out of the question.
Not only would they be extremely time-consuming, the cost to maintain compliance can quickly skyrocket to thousands of dollars…
Yet, if you fail to comply, you have to face a lot of issues…because…
…monetary penalties are just the beginning.
In addition to monetary penalties, non-compliance with the GDPR can also cause you to be banned from offering products and services to customers from any EU member country indefinitely.
This could likely put you out of business overnight if you’re found to be out of compliance.
And that’s a bad thing.
Not only does that open you up to massive legal headaches and huge fees, but if you decide to get compliant later, you’ll have to spend a whole lot more money to do it.
To ensure GDPR compliance, you have to take note of the following GDPR Regulations:
An individual’s rights under GDPR
Apart from being extra-territorial, the new GDPR regulation brings nine new rights to users, allowing them to have more control over the collection and usage of their personal data.
These rights are:
Right to Be Informed.
An individual has the full right to be informed about how their personal data is being collected and used.
Right to Access.
Every user has the right to access and download their personal data in the form of an electronic copy provided by the website owner free of cost.
Right to Rectification.
The new GDPR regulation gives users the power to rectify any inaccurate personal data or complete it if it is not complete.
Right to Erasure.
Also known as the “Right to Be Forgotten”, this right allows individuals to leave a website and have any personal data erased anytime.
Right to Restrict Processing.
According to this right, every user will have the ability to restrict or suppress the processing of their personal data anytime.
Right to Data Portability.
The new GDPR regulation empowers users to download and reuse their personal data for their own purposes.
Right to Object.
An individual can prohibit the use of any particular data for direct marketing or any other purpose anytime.
Right To Be Informed About Data Breaches.
In case of a data breach, the website owner must notify users within 72 hours of knowing about the breach.
Rights Related To Automated Decision Making.
The GDPR regulation prevents users from being subject to a decision made without the active involvement of a human.
If you manage your website(s) by yourself or you manage website(s) for others, you can do this…
You can easily download the free PDF template here (no opt-in is required…just left-click, and choose “save as” to download)
Yes. I can help you do it too…
If you feel you’re still finding it difficult making this major change in your business, without which you could possibly face a huge business risk, and even other related issues…you can always contact me, and I’d readily be glad to help!
Let’s discuss this very sensitive post in the comments section below.