Textmagic Commitment to the GDPR
The GDPR (General Data Protection Regulation (EU) No 2016/679 of the European Parliament and Council) is an important piece of legislation that is designed to strengthen and unify data protection laws within the European Union.
The most up to date Textmagic documents
What is Textmagic doing about the GDPR?
Textmagic began to dedicate internal resources to the implementation of GDPR in its activities in September 2017. We did this because we value our customers (and their customers) rights to privacy. Compliance with and to international law and regulations are very important to us.
Here’s a condensed version of our GDPR roadmap and where we are on our journey:
|Thoroughly research the areas of our product and our business impacted by GDPR.||Completed|
|Appoint a Data Protection Officer.||Completed|
|Develop a strategy and requirements for how to address the areas of our product impacted by GDPR.||Completed|
|Rewrite our Terms of Service to be compliant with GDPR.||Completed|
|Pass the data protection audit and get the official confirmation letter of Textmagic’s full GDPR compliance.||Completed|
|Perform the necessary changes/improvements to our product based on the requirements.||Completed|
|Implement the required changes to our internal processes required to achieve compliance with GDPR.||Completed|
|Thoroughly test all of our changes to verify and validate compliance with GDPR.||Completed|
|Finalize and communicate our full compliance.||Completed|
Textmagic has also engaged with numerous outside attorneys on our approach. We felt this was and will be very important because the legislation is so new and far reaching.
I’m new to the GDPR and would love more details on it
The GDPR is considered to be the most significant piece of European data protection legislation to be introduced in the European Union in 20 years and will replace the 1995 Data Protection Directive 95/46/EC. The GDPR regulates the processing of personal data of individuals including its collection, storage, transfer or use. Importantly, under the GDPR, the concept of “personal data” is very broad and covers any information relating to an identified or identifiable individual (also called a “data subject”). The GDPR gives data subjects more rights and control over their data by regulating how companies should handle and store the personal data they collect. The GDPR also raises the stakes for compliance by increasing enforcement and imposing greater fines should the provisions of the GDPR be breached. The GDPR enhances individuals’ privacy rights and places significantly enhanced obligations on organizations handling data. In summary, here are some of the key changes to come into effect with the upcoming GDPR:
- Expanded rights for individuals: The GDPR provides expanded rights for individuals by granting them, amongst other things and subject to certain conditions, the right to be forgotten, the right to request a copy of any personal data stored in their regard, the right to request data portability.
- Compliance obligations: The GDPR requires organizations to implement appropriate policies and security protocols, conduct privacy impact assessments, keep detailed records on data activities and enter into written agreements with vendors.
- Data breach notification and security: The GDPR requires organizations to report certain data breaches to data protection authorities, and under certain circumstances, to the affected data subjects. The GDPR also places additional security requirements on organizations.
- Increased enforcement: Under the GDPR, authorities can fine organizations up to the greater of €20 million or 4% of a company’s annual global revenue, based on the seriousness of the breach and damages incurred. Also, the GDPR provides a central point of enforcement for organizations with operations in multiple EU member states by requiring companies to work with a lead supervisory authority for cross-border data protection issues.
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