On May 25th, 2018 a new privacy law goes into effect across the European Union (EU). It is called GDPR or General Data Protection Regulation. Any company that does business in the EU is required to adhere to GDPR. As a company that not only does business in the EU, but has a major office in the EU we are committed to becoming fully GDPR compliant by the May 2018 deadline.
What is GDPR?
GDPR is a law that exists to protect individual from abusive and intrusive practices, both in the information targeted to them, and the information solicited and collected from them.
It assures Individuals have the right to enjoy and participate in online activities, purchases, etc. with the knowledge that the collection of their personal information is limited to only that required for the completion of the transaction, or establishment of relationship. It also assures that the information surrendered is properly protected. The GDPR protects individuals from excesses, annoyances and abuses of privacy, and affords these protections towards any EU resident.
GDPR improves business practices, assures that Employees and Customers are informed and given choices in the information collected and kept about them, and makes the conforming businesses, a better businesses.
What is Base doing to Prepare?
Base as a company is committed to comply with GDPR regulations by May 2018 deadline. We are undertaking the needed studies, working with Experts from a firm specialized in achieving GDPR success, gathering information, and making the needed investments as required by law.
The improvements we make are targeted at the protection of EU residents, and will improve the handling of information across the company, address our responsibilities under the law, and demonstrate our commitment to our Employees, Customers and Business Clients.
As we get closer to the deadline we will continue to post updates to the blog in regards to GDPR compliance. In the mean time, you can read more about GDPR here.