The General Data Protection Regulation (GDPR) is a set of data protection rules issued by the European Union on May 25, 2018. GDPR has brought about a need for employers to reconsider how they collect, use, and store personal data. It aims to safeguard the personal data and privacy of EU citizens, protecting them from fraudulent activities and theft.
The seven key principles of GDPR are as follows:
- Lawfulness, fairness and transparency
- Purpose limitation
- Data minimization
- Accuracy
- Storage limitation
- Integrity and confidentiality(security)
- Accountability
- GDPR protects two types of data:
- Personal Data: This includes basic identity information such as name, address, and ID numbers.
- Sensitive Personal Data: This encompasses web data like location, IP address, cookie data, as well as health and genetic data, biometric data, racial or ethnic data, and political opinions.
Applications of GDPR include:
- Data protection for major worldwide, as GDPR necessitates a compliance strategy.
- Optimizing digital payments with data-centric security to maintain control from entry to endpoint.
- Using universal tokens with diverse schemes to meet business needs and compliance requirements
GDPR applies not only to organizations within the European Union but also to organizations outside the EU that offer goods or services to EU customers or businesses. This means that almost every major corporation worldwide needs a GDPR compliance strategy.
Data Protection: Workday and GDPR:
Workday was one of the first companies to obtain Privacy Shield certification. It helps simplify compliance with regulatory changes, including GDPR, by providing a single cloud-based HR system to manage employee data. This system offers complete, real-time insights and superior control over sensitive information. Workday includes three features that align with GDPR requirements:
- Restricted access to certain data through conditional role-based security groups.
- Easy purging of personal data, such as government IDs, other IDs, gender identity, sexual orientation, etc.
- Maintenance of an audit trail that records all system changes with detailed information.
Privacy policies may undergo future changes, and organizations can adapt and progress by taking the necessary steps to comply.