The European Union’s General Data Protection Regulation (EU GDPR) came into effect in May 2018. The law introduces a variety of data protection challenges for businesses all around the world.
The GDPR, is been designed to harmonize laws surrounding data privacy across Europe and it reshapes the way organizations across the globe approach data privacy when dealing with EU systems. It comes into effect on May the 25th 2018 and applies not only to EU entities dealing with personal data anywhere in the world, but also entities outside of the EU dealing with personal data of EU residents.
In many ways, GDPR makes things easier, simplifying the existing conglomerate of rules and approaches imposed by each member state, by making one set of rules to rule them all. It includes 99 articles or clauses covering virtually every aspect of business and information management – everything from the consent to collect and process information, to the “right to be deleted”.
New regulations have forced organizations around the globe to rethink data privacy and protection.
The main goal of the General Data Protection Regulation (GDPR) is to ensure transparency, security and accountability by data controllers. It applies to all data processors, stipulating that they have to implement specific procedures and processes that are ultimately aimed at protecting data and consumer privacy, as well as ensuring an effective and timely response by organizations in the event of a data breach. Organizations that do not adhere to the GDPR requirements can be subject to severe fines and other consequences.
In light of the new EU data protection scheme, shaped by the GDPR, on 9 November 2018, which is applicable as of 21 August 2019. The outline of this law is in accordance with GDPR regulations to a great extent, which further emphasizes that Serbian citizens and residents need to completely start applying these regulations in all aspects eventually.
Even though Serbia is on its way of becoming a member of the European Union and is not directly obliged to apply GDPR standards which came into effect on May 25th, 2018, there are numerous legal and business reasons because of which companies and business owners in Serbia need to consider legal applications of GDPR in Serbia.
We look forward to
hearing from you.
Rado ćemo odgovoriti na vaša pitanja!KONTAKTIRAJTE NAS