GDPR Seven-Year Summary: Key Lessons
- Transparency Enhances Trust: Businesses must ensure clear data processing disclosures to customers.
- Evolving Data Transfer Rules: Compliance with updated regulations on international data transfers is critical.
- Accountability through Documentation: Justifying decisions with thorough record-keeping is crucial for accountability.
- Defined Roles in Data Supply Chain: Clarity on who is accountable in data processing relationships helps manage risks.
- Digital Processing Compliance: Organizations must secure explicit consent for non-essential cookies and tracking technologies.
- Security and Preparedness: Robust cybersecurity training is vital to respond effectively to breaches.
- Regulatory Intersections: Attention to overlapping regulations (e.g., AI Act, DORA) is necessary for comprehensive compliance.
Businesses must integrate data protection in innovation strategies while adapting to regulatory changes.
https://www.pwc.com/mt/en/publications/tax-legal/seven-lessons-seven-years-gdpr.html