IDDR news GDPR, the New EU Personal Data Regulations, IDdriven helps to avoid the fines
GlobeNewswire•August 30, 2017Comment
SACRAMENTO, Calif., Aug. 30, 2017 (GLOBE NEWSWIRE) -- IDdriven, Inc., (IDDR), an innovative provider of premises and cloud-based Identity and Access Management ("IAM"
solutions is releasing comments about the new GDPR regulations in Europe.
GDPR, what is it?
GDPR is a new regulation defined by the EU which will take effect from May 25th 2018. It does apply automatically to all EU members. GDPR governs the processing of personal data.
Will it affect you?
It is applicable to all entities which process personal data of people in the EU, regardless of their size, industry or legal structure. The regulation is not only applicable to companies in the EU, but also applicable to entities outside the EU which process data of people in the EU.
The regulation is not only applicable to EU citizens. It states that it is applicable to all people who are in the EU.
The regulation also differentiates between controller and processor. The controller is in fact the entity which owns the data and determines the purpose of the data.
The processor is the one who processes the data on behalf of the controller.
For both the categories, the GDPR regulations define different responsibilities.
What is in scope for this regulation?
In general one can state that GDPR governs the processing of personal data.
Personal data is in GDPR defined as all the data related to identified or identifiable natural persons.
Proving compliance
To enable companies to prove compliance with these regulations, the definition mentions the ‘Certification bodies’ which can provide certificates. Although that helps companies to be in control, it does not guarantee to be compliant.
To be compliant a company or organization must:
Define the purpose of the data they own and/or process
Document the process of data processing
Minimize the amount of data to fit the purpose of processing
Have measures in place to make sure that the data is only available to employees, partners or other parties, which should be able to approach the data, according to the purpose.
Not being in compliance can lead to big fines.
IDdriven provides an Access Management and Access Governance solution that helps others to define, control and audit the access to business systems and business data. It will not make you compliant to all GDPR regulations, but it will help you in improving your compliant to GDPR by clearly defining who can access the data that is stored on your system.
About IDdriven
With its next-generation IDaaS program of the same name, IDdriven, Inc. is at the forefront of the new breed of Identity Management and Access Governance solutions. Taking the complexity and upfront costs out of implementation, IDdriven automates access security for vulnerable company assets by seamlessly integrating with the solutions from Microsoft, and other cloud providers like Amazon. Founded in 2013, IDdriven is headquartered in Sacramento, California. To learn more, visit: www.IDdriven.com.
Forward-Looking Statement Disclosure
This news release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond IDdriven’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our software programs, (ii) development and protection of our intellectual property, (iii) industry competition, (iv) we may need to raise capital to meet business requirements. More detailed information about IDdriven and the risk factors that may affect the realization of forward-looking statements is contained in our filings with the Securities and Exchange Commission which are available on our website and at www.sec.gov. IDdriven assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Contact:
Company Contact
E: investors@IDdriven.com
T: 415.226.7773
GlobeNewswire•August 30, 2017Comment
SACRAMENTO, Calif., Aug. 30, 2017 (GLOBE NEWSWIRE) -- IDdriven, Inc., (IDDR), an innovative provider of premises and cloud-based Identity and Access Management ("IAM"
solutions is releasing comments about the new GDPR regulations in Europe. GDPR, what is it?
GDPR is a new regulation defined by the EU which will take effect from May 25th 2018. It does apply automatically to all EU members. GDPR governs the processing of personal data.
Will it affect you?
It is applicable to all entities which process personal data of people in the EU, regardless of their size, industry or legal structure. The regulation is not only applicable to companies in the EU, but also applicable to entities outside the EU which process data of people in the EU.
The regulation is not only applicable to EU citizens. It states that it is applicable to all people who are in the EU.
The regulation also differentiates between controller and processor. The controller is in fact the entity which owns the data and determines the purpose of the data.
The processor is the one who processes the data on behalf of the controller.
For both the categories, the GDPR regulations define different responsibilities.
What is in scope for this regulation?
In general one can state that GDPR governs the processing of personal data.
Personal data is in GDPR defined as all the data related to identified or identifiable natural persons.
Proving compliance
To enable companies to prove compliance with these regulations, the definition mentions the ‘Certification bodies’ which can provide certificates. Although that helps companies to be in control, it does not guarantee to be compliant.
To be compliant a company or organization must:
Define the purpose of the data they own and/or process
Document the process of data processing
Minimize the amount of data to fit the purpose of processing
Have measures in place to make sure that the data is only available to employees, partners or other parties, which should be able to approach the data, according to the purpose.
Not being in compliance can lead to big fines.
IDdriven provides an Access Management and Access Governance solution that helps others to define, control and audit the access to business systems and business data. It will not make you compliant to all GDPR regulations, but it will help you in improving your compliant to GDPR by clearly defining who can access the data that is stored on your system.
About IDdriven
With its next-generation IDaaS program of the same name, IDdriven, Inc. is at the forefront of the new breed of Identity Management and Access Governance solutions. Taking the complexity and upfront costs out of implementation, IDdriven automates access security for vulnerable company assets by seamlessly integrating with the solutions from Microsoft, and other cloud providers like Amazon. Founded in 2013, IDdriven is headquartered in Sacramento, California. To learn more, visit: www.IDdriven.com.
Forward-Looking Statement Disclosure
This news release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond IDdriven’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our software programs, (ii) development and protection of our intellectual property, (iii) industry competition, (iv) we may need to raise capital to meet business requirements. More detailed information about IDdriven and the risk factors that may affect the realization of forward-looking statements is contained in our filings with the Securities and Exchange Commission which are available on our website and at www.sec.gov. IDdriven assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Contact:
Company Contact
E: investors@IDdriven.com
T: 415.226.7773
