The General Data Protection Regulation (GDPR), is a new EU data protection regulation designed to harmonize data privacy laws throughout the European Union, and replaces the long-standing Data Protection Directive. GDPR regulations apply to organizations located within the EU or organizations that offer goods or services to, or monitor the behavior of EU residents (regardless of the organization’s location).
Approved by the EU Parliament on April 14th, 2016, organizations have until the enforcement date of May 25th, 2018 to meet requirements. GDPR’s regulations can be classified into three core categories: Assessment, Prevention and Monitoring/Detection. Some of the most notable changes in privacy rules with this new EU data privacy regulation relate to data portability, data breach notification, inventory, data protection by design, expanded territorial scope and processor responsibilities. Penalties for non-compliance will be up to 4% of annual global turnover or €20 Million (whichever is greater).
The GoAnywhere managed file transfer (MFT) solution will secure, automate and audit your file transfers to assist in meeting several key GDPR principles, specifically:
"Prior to GoAnywhere MFT, we had to manually download our deposit files from Wells Fargo's HTTPS server on a daily basis. Now with GoAnywhere, we have scheduled those files to be downloaded automatically, which it then imports into a database on our System i server. All of the manual steps were eliminated!"