GETTING READY FOR GDPR! WHAT IS GDPR?
The GDPR (General Data Protection Regulation) is a Regulation of the European Parliament and the Council of 2016/679, which is mandatory from 25 May 2018 for any organization that manages, processes, transmits or stores personal data of European citizens whether it is a customer , partner, or co-worker.
The regulation contains more complex and stricter regulations than the pre-GDPR regulation, but since the Hungarian Infotainment Act has been one of the most strict regulation in the EU, it might not be a big change for those who complied with that previously
However, GDPR draws attention to significant penalties, since in the event of a breach of the rules, the penalty may reach 2 to 4% of the annual revenue of the organization, which means that fines in case of serious violations can reach millions of euros.