General Data Protection Regulation (GDPR) is a European regulation to strengthen and unify the data protection of EU citizens. As of the 25th of May 2018, all companies worldwide that store and process data about EU citizens will be required to comply with GDPR. Potential fines for non-compliance can range from 2-4% of a company’s annual global revenue or amount up to 20 mil EUR, whichever is higher.
GDPR in numbers
7 core citizen rights afforded under GDPR, including the right to rapid notification of breach, explicit consent, the right to erasure, etc.
Timeframe given to report a data breach, including associated details.
Potential fines can range from 2-4% of a company’s global revenue.
Estimated number of new Data Protection Officers needed in Europe.
A once-in-a-generation chance to holistically improve customer data management practices.
Get ready for GDPR
Ataccama can help your organization build a comprehensive data solution, enabling you to process personal data fairly and in accordance with the law. Our solutions range from consent management, data lineage, and master & Reference data management to data protection-specific metadata management, and more.Contact us for further information
Steps towards GDPR compliance with Ataccama
Discover GDPR relevant data
Create a list of GDPR relevant data. Find out where the data is across systems using Ataccama profiling.
Leverage Ataccama MDM for consent and authorization management. Enable lifecycle management and an audit trail.
Erase/Anonymize relevant data
Erase/anonymize/depersonalize relevant data in both MDM and connected systems using Ataccama workflow/masking.
Consolidate party data
Consolidate GDPR party data in a single MDM solution. Build an audit trail as well as monitor and log data. Create data lineage to data sources.
Build data interfaces
Provision GDPR relevant data via interfaces from Ataccama MDM to data consumers for GDPR usage – from erasure to data portability.
GDPR: European Banking Group
Ataccama implemented centralized consent management and authorization for the bank’s customer data, laying a foundation for the group’s compliance with regulation and legislation such as GDPR.Read more