In May 2018, the General Data Protection Regulation (GDPR) was implemented globally, bringing about a significant shift in how organizations handle personal data. The aim of the GDPR was to enhance individuals' privacy rights and bring harmony to data protection laws. As a result, businesses, governments, and international trade have all been significantly impacted by this regulation.
Given the complex regulatory landscape, companies may require assistance in managing an effective privacy program. This article aims to provide insights into the GDPR and demonstrate how Privileged Access Management can help organizations remain compliant with this European legislation.
What is GDPR
The General Data Protection Regulation (GDPR) was created by the European Union (EU) and officially came into effect on May 25, 2018. It was formulated to address the growing concerns surrounding data privacy and protection in an increasingly digital world.
Unlike its predecessor, the Data Protection Directive, GDPR applies directly to all EU member states without the need for national implementing legislation. However, its reach extends beyond the borders of the EU, impacting any organization that processes the personal data of individuals in the EU, regardless of where the organization is based.
GDPR represents a significant shift in how personal data is handled, emphasizing the importance of transparency, accountability, and individual rights. It sets out strict requirements for organizations regarding the collection, processing, and storage of personal data, with hefty penalties for non-compliance. The regulation aims to empower individuals by giving them more control over their personal information while imposing obligations on businesses to safeguard that data.
What is the purpose of GDPR?
One of the primary objectives of GDPR is to give individuals greater control over their data. GDPR has introduced strict requirements for obtaining consent, ensuring transparency in data processing activities, and granting individuals the right to access, rectify, and erase their data. As a result, people now have more control and knowledge about their personal information, promoting a culture of data privacy.
On the other hand, companies have had to make significant efforts to understand their obligations and how to implement measures to comply with the law. Failure to comply with GDPR can result in heavy fines and damage to the company's reputation due to the regulator publicizing failures.
Who does GDPR apply to?
The General Data Protection Regulation (GDPR) is applicable to a broad range of organizations, including businesses, government agencies, non-profit organizations, and any other entity that processes personal data as part of their activities.
It's crucial to note that it applies not only to organizations based within the EU but also to those outside the EU that provide goods or services to EU residents or monitor their behavior. This implies that even businesses operating outside the EU must comply with GDPR if they process the personal data of EU citizens.
How Privileged Access Management supports GDPR compliance
Privileged Access Management (PAM) plays a crucial role in helping organizations achieve and maintain GDPR compliance. PAM solutions like senhasegura provide essential capabilities that align with GDPR requirements, helping organizations mitigate risks associated with unauthorized access and ensuring the security of sensitive data.
How senhasegura PAM ensures GDPR compliance
A solution like senhasegura is essential in supporting your GDPR compliance in several ways:
- Granular Access Control: senhasegura enables companies to control who has access to which resources and when.
- Activity Monitoring: senhasegura monitors all activities of privileged users, helping identify suspicious behavior and preventing cyberattacks.
- Password Management: senhasegura can securely store and manage passwords, helping to prevent credentials from being stolen or misused.
- Audit Logs: senhasegura generates detailed audit logs of privileged user activities for security and compliance.
- Security Policy Enforcement: senhasegura can be used to implement and enforce local and organizational security policies, such as minimum password and minimum access policies.
senhasegura is a solution that is quick to install and easy to use, helping you comply with GDPR and other regulations while meeting the highest international security standards.
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Specialist in Risks, Internal Controls, Compliance, Cybersecurity, LGPD and Business Continuity. Over 13 years of experience in IT Risks, Auditing, Internal Controls, Compliance and Data Privacy, working in companies such as senhasegura, Banco Daycoval, PwC and GRCTeam. He has also carried out projects in large companies, including XP Investimentos, Banco Itaú, Santander, JP Morgan and Zurich. He also has certifications from the Cobit Foundation Exam, Compliance in Data Protection and PQO-B3 - COMPLIANCE.
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