To help you start your journey towards data protection compliance, White Label Consultancy (WLC) has created a free online WLC Rapid Data Protection Readiness Assessment resource to help you evaluate your organisation’s current readiness level.
Background information - GDPR
The General Data Protection Regulation (GDPR) is a data protection and privacy law which governs the processing of the personal data of individuals located in the European Union (EU) and the European Economic Area (EEA). Because it addresses the transfer of personal data outside the EU and EEA, the GDPR has resulted in a series of updated or new data protection laws being hastily implemented across the globe to ensure a adequate level of data protection for personal data.
Governments are introducing GDPR-like data protection and privacy laws to facilitate international trade, secure access to the European market, accelerate foreign investment and support the development of local knowledge economies and technology hubs. As importantly, and looking beyond legal compliance with local regulations, businesses who can offer customers data protection confidence will have a clear business advantage in an era of digital transformation and data-driven products and services. To achieve and maintain customer trust, every business will now need to consider GDPR-like data protection by design and by default.
Data Protection in the UAE
This global trend is evident in the UAE as the country seeks to maintain a positive global business reputation in a world where privacy and data protection is moving rapidly to become a business imperative and critical boardroom issue. The Dubai Investment Financial Centre (DIFC) launched their Data Protection Law 2020 on 1 July with only 3 months to satisfy the new GDPR-like requirements. The Abu Dhabi Global Market (ADGM) is set to follow suit in the coming months. A draft Federal Data Protection Law, impacting onshore entities, is expected to be implemented soon.
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