The General Data Protection Regulation (GDPR), is a European privacy law approved by the European Commission in 2016 and will go into effect on May 25th 2018. The GDPR will replace a prior European Union privacy directive known as Directive 95/46/EC which has been the basis of European data protection law since 1995. The GDPR is an attempt to strengthen, and modernize EU data protection law and enhance individual rights and freedoms, consistent with the European understanding of privacy as a fundamental human right. The GDPR regulates, among other things, how individuals and organizations may obtain, use, store, and remove personal data. In a nutshell, it’s giving EU citizens and residents control over their personal data while simplifying the regulatory environment for international business that takes place in the EU.
The Data Protection Principles include requirements such as:
GDPR adds some new requirements regarding how companies should protect individuals’ personal data that they collect and process. It also raises the stakes for compliance by increasing enforcement and imposing greater fines for breach. Beyond these facts it’s simply the right thing to do. At Wave Connect we strongly believe that your data privacy is very important and we already have solid security and privacy practices in place that go beyond the requirements of this new regulation.
We’ve formed a core privacy team of leaders from each area of the Wave Connect business, headed by our internal Data Protection Officer (DPO). The representatives in this group are the project managers who will ensure all the requirements of GDPR are covered from Marketing to Engineering to People Ops. The team meets once a month to discuss any changes required to ensure that we are compliant. This team is also responsible for developing the Wave Connect GDPR awareness training program and validating that everyone at Wave Connect understands and keeps up to date on the current regulation.
We have reviewed our list of third-party vendors (and in the case of some vendors are currently reviewing) and have and continue to perform a deep review of their GDPR compliance.
Having a managed data protection impact assessment (DPIA) process is a requirement for GDPR. A DPIA process is simply a way to help us identify and minimize the data protection risks of a project. The Wave Connect team has always undergone security and privacy due diligence when making tooling and implementation decisions, so this requirement is an easy one for us. Any time we introduce a change to the way we handle personal data, we spend time discussing the potential impact on customers of Wave Connect and possible privacy and security risks to personal data. If any risk is identified, no matter how small, our product and engineering teams collaborate on a solution that will mitigate the data privacy and security risk to anyone who interacts with the Wave Connect service. We will continue to execute this risk assessment process as we expand the Wave Connect offerings.
We are working with our customers to answer any questions and address any concerns regarding how we protect their personal data for GDPR. If you have any questions, please don’t hesitate to reach out.