On October 26, 2017, Natuvion experts presented a webinar on GDPR as part of a series of webcasts that ASUG ran to help SAP users, decision makers, and partners sort through the complexities of cyber-security in the SAP ecosystem.
Doing Business in Europe? General Data Protection Regulation (GDPR): What You Need to Know and Do
GDPR’s main purpose is to give EU citizens greater control over how their personal data is collected, protected, and used. The legislation applies to EU companies, as well as any company choosing to do business in the EU or that has 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 many U.S. companies.
A two-tiered sanctions regime will apply. Breaches of the most important provisions for data protection, could lead to fines of up to 20,000,000 Euros or 4% of global annual turnover the preceding financial year, whichever is the greater. For other breaches, the authorities could impose fines of up to 10,000,000 Euros or 2% of global annual turnover, again, whichever is greater.
In this webcast, Natuvion presents a clear understanding of the main differences between the current law and the GDPR, and explains what organizations need to do in order to prepare for the new law. The webcast also includes an overview of possible IT solutions that are tailored for SAP customers.
Patric Dahse, CEO, Natuvion
Benjamin Spies, Data Privacy Lawyer & Partner, SKW Schwarz