On 25 May 2018, the EU General Data Protection Regulation (GDPR) will come into force, reflecting the importance of data protection in our increasingly digital world. At ABEC it is important that the personal information of our customers and our employees are handled in accordance with GDPR.
The new regulation replaces the existing patchwork of directives and national legislation and brings a degree of long-anticipated consistency to the data protection landscape in Europe. This is setting the benchmark for other regions and many countries are following suit with equivalent arrangements. GDPR embodies the well-recognized privacy principles of transparency, fairness, and accountability. GDPR also seeks to introduce a risk-based approach that enables innovation and participation in the global digital economy while respecting individual rights.
In our view, the digital economy can only flourish when you connect people, process, information and devices in an ethical, meaningful and secure way. That includes creating an environment in which everyone can easily do business and know their data is safeguarded. We are committed to helping our customers and partners by protecting and respecting personal data, no matter where it is from or where it flows.