GDPR: European-style protection of personal data

The GDPR (General Data Protection Regulation) is the new European regulation which requires every company to be fully accountable for the confidentiality of the personal data they manage in their information systems. The regulation will come into force on 25 May 2018.

GOALS

The GDPR has 3 goals:

  1.  Strengthen people’s rights (right to personal data portability and specific arrangements for minors)
  2. Make the actors processing personal data more accountable
  3. Give credibility to the regulation thanks to a greater cooperation between the data protection authorities

A BRIEF OVERVIEW OF THE GDPR

Within the framework of the General Data Protection Regulation, companies must make a number of commitments, the most important of which are:

  • Designate a DPO (Data Protection Officer)
  • Keep a register on data processing (more than 250 employees)
  • Define a sensitive data perimeter
  • Write a charter of best practices
  • Ensure individual rights
  • Review suppliers and subcontractors contracts
  • Be prepared to the possibility of a data breach

Companies should not only respect the regulation’s commitments but also raise awareness among their employees and suppliers of the need to respect the confidentiality of individual data.

EXALOG AND GDPR?

Security and customer data privacy are our key concerns. We have always been working on these issues, and as of now we respect the new European regulation.

For example, you should know that the “personal” data recorded in the database of our Allmybanks and Exabanque software, are already encrypted. The users’ names, all phone numbers or e-mail addresses as well as account and bank card numbers are encrypted, and are temporarily decrypted for all the customers’ queries.

Founded in 1984, Exalog is an editor of payments and treasury management software. Exalog’s solutions are sold directly to companies, or as a white-labeling offer to banks.

9.000 companies in 80 countries use Exalog’s software, and 6 banks offer our personalised solutions to their customers.