The European Union (EU) General Data Protection Regulation (GDPR), enforced from May 2018, is one the biggest changes to data privacy regulation for European businesses since 1995. While every EU-operating business must be compliant, many still are not.
We put security, privacy and data protection at the core of our product. We are fully certified as GDPR compliant, and constantly strive to go above the minimum regulatory standards.
If you are doing business in the EU you’ll likely want to download and sign the Forecast Data Processing Agreement. Working with external legal counsel in Denmark we’ve updated this document to be in compliance with GDPR and other generally acceptable privacy laws. We will countersign it and provide you with a fully executed downloadable copy via email within 7 business days. If you have any questions about its contents please contact us directly.
The General Data Protection Act (GDPR) will replace the 1995 Data Protection Directive.
The GDPR regulates the processing of personal data about individuals in the EU including its collection, storage, transfer or use. Importantly, under the GDPR, the concept of “personal data” is very broad and covers any information relating to an identified or identifiable individual (also called a “data subject”). It gives data subjects more rights and control over their data by regulating how companies should handle and store the personal data they collect. The GDPR also raises the stakes for compliance by increasing enforcement and imposing greater fines should the provisions of the GDPR be breached. The GDPR enhances EU individuals’ privacy rights and places significantly enhanced obligations on organizations handling data. In short, here are some of the key changes that come into effect with the GDPR:
If you are a company outside the EU, you should still be aware of this. The provisions of the GDPR apply to any organization that processes personal data of individuals in the EU, including tracking their online activities, regardless of whether the organization has a physical presence in the EU.