Stay ahead of the curve with our essential guide to new data protection regulations and their impact on your business.
Topics covered
Understanding the implications of the new data protection regulations
From a regulatory standpoint, the new data protection regulations introduced in 2025 signify a substantial shift in the global approach to data protection. These regulations aim to enhance the safeguarding of personal data and ensure greater transparency in the handling of information.
Interpretation and practical implications
The Authority has established that companies must adopt stricter measures to ensure compliance. This includes implementing GDPR compliance procedures, training staff, and reviewing internal policies. The new regulations also necessitate increased accountability among data processors and data controllers.
What companies need to do
Companies must first conduct a risk analysis to identify how new regulations will affect their operations. It is essential to update privacy notices and ensure they are easily accessible to users. Furthermore, companies should consider adopting RegTech tools to facilitate compliance.
Potential risks and penalties
Compliance risk is real: penalties for violating new regulations can be severe, reaching up to 4% of global annual revenue. Companies must be prepared to demonstrate their compliance in the event of an inspection.
Best practices for compliance
- Regularly train staff ondata protectionissues.
- Conduct internal audits to verify compliance.
- Utilize advanced technologies for data management.
- Maintain open communication with the data protection authority.
