Will you be GDPR compliant?

May 26, 2017
The EU General Data Protection Regulation (GDPR) is the most significant piece of data protection legislation to be passed in the history of the European Union, according to the team at Ronan Daly Jermyn.

"What’s really catching the headlines is the new top-end fine, to give an example, the higher-tier provision will result in a maximum fine of up to 4% of a company’s preceding year’s global, worldwide turnover or €20 million, whichever is greater. Compare that to the existing law where the maximum penalty applicable to most companies is €100,000," said Bryan McCarthy, Head of Ronan Daly Jermyn's Cyber and Data Protection Group.

GDPR will come into force on 25 May 2018 and will result in a significant overhaul of the existing European Data Protection regime. It will repeal and replace the current Data Protection Directive (94/46/EC), which forms the basis for the current Irish legislative framework, being the Data Protection Acts, 1988 and 2003. The changes contemplated by GDPR will place significantly more obligations on organisations and give more rights in favour of individuals.

Ronan Daly Jermyn has compiled a list of the 10 key changes to the current Data Protection framework all organisations need to be aware of.

To read more, click here.