Host­ed by: Dig­i­tal Transformation

Abstract: 

The main pur­pose of the GDPR is to give EU cit­i­zens greater con­trol over how their per­son­al data is col­lect­ed, pro­tect­ed, and used. While the leg­is­la­tion applies to EU com­pa­nies, it also applies to any com­pa­ny choos­ing to do busi­ness in the EU or have employ­ees in the EU. This includes any online busi­ness that owns a web­site acces­si­ble to EU cit­i­zens that col­lects user data. Since the def­i­n­i­tion of per­son­al infor­ma­tion has also been expand­ed to include online iden­ti­fiers such as cook­ies, GDPR has impli­ca­tions for a vast num­ber of North Amer­i­can businesses.

A two-tiered sanc­tions régime will apply. Breach­es of some pro­vi­sions by busi­ness­es, which law­mak­ers have deemed to be most impor­tant for data pro­tec­tion, could lead to fines of up to 20 mil­lion Euros or 4 per­cent of glob­al annu­al turnover the pre­ced­ing finan­cial year, whichev­er is the greater, being levied by data watch­dogs. For oth­er breach­es, the author­i­ties could impose fines on com­pa­nies of up to 10 mil­lion Euros or 2 per­cent of glob­al annu­al turnover, again, whichev­er is greater. 

In this web­cast, we will present a clear under­stand­ing of the main dif­fer­ences between the cur­rent law and the GDPR, and explain what orga­ni­za­tions need to do in order to pre­pare for the new law that will take place in May 2018. The web­cast also includes an overview of pos­si­ble IT solu­tions that are tai­lored for SAP customers.

Speak­ers: 
Patric Dahse, CEO, Natu­vion
Ben­jamin Spies, Data Pri­va­cy Lawyer & Part­ner, SKW Schwarz