What is GDPR?
The General Data Protection Regulation (GDPR) was implemented on May 25, 2018. It is a regulation in EU law that specifically speaks to data protection and privacy in the European Union and the European Economic Area. It also addresses the transfer of personal data outside of those areas.
GDPR is the Gold Standard for Data and Economic Security in the European Union
It is generally considered to be the world’s strongest set of data protection rules and sets a new standard for consumer rights throughout the EU.
The GDPR’s primary aim is to give individuals control over their personal data and to simplify the regulatory environment for international business. Controllers and processors of personal data must put in place appropriate benchmark and organizational measures to implement data protection principles. Dye & Eskin, Inc is considered a “processor” for the purposes of GDPR.
Dye & Eskin has stringently followed and has implemented all aspects of the GDPR that are required of a processor.
Dye & Eskin Embraces the Principles Outlined Under the GDPR
No personal data may be processed unless this processing is done under one of six lawful bases specified by the regulation (Article 6)
At the heart of the regulation are seven guiding principles:
- Lawfulness, fairness, and transparency
- Purpose limitation
- Data minimization
- Storage limitation
- Integrity and Confidentiality
Data controllers/processors must clearly disclose any data collection, declare the lawful basis and purpose for data processing – and state how long data is retained. Firms should have internal controls and regulations for various departments such as audit, internal controls, and operations.
Securing Victories With Integrity: The Dye & Eskin Ethos
Dye & Eskin values their clients’ data and economic security. We have built our company around the mantra of creating victories for our clients at home and abroad. Through maintaining the high standards of GDPR compliance and integrating its guiding principles in every facet of our business, Dye & Eskin continues to be a leader in securing those victories. Trust is baked into our company ethos. Strictly adhering to the standards set in GDPR is just one of the many ways in which we honor our commitment to our European business associates.