PH Businesses must also comply to GDPR

Posted on Wed, 06/27/2018 - 18:05
PH online businesses must also comply to GDPR

Effective last May 25, 2018, the General Data Protection Regulation (GDPR), has been fully enforced after a two-year transition. GDPR aims to protect personal information of all European Union citizens. Unable to comply with this law will result in fines and sanctions.

Key industries that will be affected by GDPR include retail, healthcare, and financial services. Hence, it is a must for almost all online businesses that cater to a global audience — especially to those that handle or store user information, to follow GDPR standards.

Fortinet, a network solutions provider, advises Philippine homegrown and multinational companies to hire a third-party firm to better data protection practices and GDPR compliance. A full audit is a must to better understand the source, collection, and processing of data.

According to Fortinet’s regional director for Southeast Asia and Hong Kong, Peerapong Jongvibool, complying with GDPR may well be the right thing to do. “As onerous as GDPR might seem, it could mark a big step toward restoring public confidence in the ability of businesses to deliver social benefits while simultaneously curbing social risks.”

Is your business GDPR ready? Learn more about GDPR in this link.