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Volume 31, Issue 2

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Tuesday, 10 July 2018 15:13

How The GDPR Will Impact E-Signatures

4 Key Criteria to Consider When Evaluating Solutions

The EU General Data Protection Regulation is now officially in effect. If your organization transacts with individuals and businesses on a global scale and is looking to implement e-signatures, ensure the solutions on your shortlist are able to demonstrate full compliance with the GDPR requirements. Here are four key criteria to consider.

The European Union’s (EU) new landmark privacy law called the General Data Protection Regulation (GDPR) [Regulation (EU) 2016/679] is now officially in effect. The GDPR expands the privacy rights of EU individuals and places new obligations on organizations that market, track or handle EU personal data. The rise of technologies such as the cloud and social media has changed the privacy landscape for good, and the EU’s updated data privacy standard takes into account the implications of these new technologies on personal data. The good news is that unlike its predecessor, the Data Protection Directive 95/46/EC that introduced administrative burdens and a fragmented legal framework, the GDPR is a single law and applies unilaterally across the EU as of May 25, 2018.

All companies that process and hold the personal data of individuals residing in the EU must comply with the GDPR, regardless of company location. This includes e-signature providers that help organizations around the world automate and digitize their manual, paper-based processes. E-signature solutions manage and process documents that may include personal data, therefore it is important that they ensure adequate privacy protection and empower citizens the right to access their personal data. If your organization transacts with individuals and businesses on a global scale and is looking to implement e-signatures, ensure the solutions on your shortlist are able to demonstrate full compliance with the GDPR requirements.

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http://www.corporatecomplianceinsights.com/gdpr-will-impact-e-signatures/