The EU's General Data Protection Regulation will take effect on May 25. Here's what Asian organisations should know.
Ahead of the implementation of the General Data Protection Regulation (GDPR) on May 25 across European Union (EU) countries, a new whitepaper has found that businesses in Asia-Pacific will also be affected by the ruling.
The GDPR is a new legislation adopted by the European Parliament and council to bring greater strength and consistency to those residing in EU countries regarding their personal data.
Who will be affected?
Organisations based in Asia-Pacific impacted by the new legislation include businesses with branches in the EU, organisations offering services to or employing those who reside in the EU, and anyone who handles, processes or stores data of EU residents or has equipment such as their servers located in the EU.
In Singapore, for example, some 1.8 million tourists from the EU visited the country in 2017, and as a top trading partner of Singapore, a significant number of organisations are likely required to put measures in place to comply with this new legislation.
Organisations will require an overhaul of their existing data governance and management policies, involving in-depth changes to current workflows and technology.