
GDPR Checklist – Practices to adopt as Business Norms

BEFORE YOU GO...
Check how Shufti Pro can verify your customers within seconds
Request DemoNo thanks
It’s been a little over eight months since the GDPR came into effect on 25 May 2018. From that point onwards all organizations are expected to be compliant, however many companies from the EU are either still in the process of GDPR compliance or finalizing their programs GDPR Checklist. For people who still do not know about GDPR, General Data Protection Regulation is an EU based regulation that is responsible for data protection and privacy of individuals belonging from the EU. The regulation applies to businesses operating within the EU or external ones, who deal in the personal data of EU citizens, data subjects as they call it.
The fundamental principals of the GDPR are fairly straightforward, however, bringing an entire organization on the same page is crucial. To legally meet each and every provision of the regulation can be quite complex and intricate to understand. Â For this reason, higher management and compliance officers need a GDPR checklist for business to stay up to date with this data privacy regulation.
Like any responsible company that respects the privacy and security of data, it is important that you should assess aspects of your business model that requires you to collect personal information from your incoming users. Whether it is for customer due diligence or a KYC for ICO process, It is always important to be aware of the compliance guidelines that govern your data collection practices and how that data is used for service delivery to customers. This assessment is known as DPIA – Data Protection Impact Assesment. ICO and blockchain based ventures have to be specially careful about such business practices in order to gain legtimacy and credibility.
GDPR measures need an adequate representation of accountability and control to ensure the rightful assessment conducted in prior can be implemented to the best.
No regulation can be practiced if there is no necessary documentation put in place before. Documentation provides a visual representation of transparency to onlookers. This includes the end-users and the general public and to the company itself. Documented workflow represents a companies testament of clarity to end-user rights.
In all likelihood, all guidelines of the GDPR are irrelevant if the company does not have the necessary business aptitude to undertake such compliance irrespective of how important the implementation of the regulation is for the company. For businesses, Â GDPR is no certification that a company can easily acquire, but rather a regulation that wants deep-change within the operating mechanism to embed the changes required by the regulation. KYC industry is an ideal example, where companies have to deal in the preservation of data and address its security and privacy in accordance with the GDPR. These identity verification services, such as Shufti Pro, have to facilitate user requests regarding collected data while effectively negotiating with customers.
Implementing GDPR is no simple task for businesses, as the complexities of the regulation require a deep understanding, to begin with. The implementation of the regulations can be initiated through a simple GDPR checklist before any expensive consultations, saving companies any additional cost. Companies nearing complete GDPR compliance have higher chances to reap the full benefits of trouble-free and smooth operations.