The new GDPR and consumer protection 

Table of contents

After almost 5 years of work by the European Parliament, the new GDPR has come to light this 25th May, 2018.

 

Due to recent scandals that the owner of the famous company Facebook, Mark Zuckerberg has starred in, the process of bringing this new regulation to light has been accelerated by the pressures and demands to increase the security of user data on the Internet.

Thanks to this new regulation, it seems that from May 25 we have been receiving countless emails on our mobile phone with the message, “Accept our new privacy policy” or “Update of the Privacy Commitment”. But do we really know what it is?

 

What is the GDPR? 

The General Data Protection Regulation (GDPR) is the mandatory application for all companies in the European Union, which provides better control and security to citizens of their personal information on the Internet.

 

This means that the consent to treat your data as a user on the Internet, can no longer be tacit, but it must be an acceptance of them in an affirmative way.

Therefore, companies will no longer be able to use incomprehensible terms or phrases that can lead to errors such as: “CLICK ON THIS BOX TO not USE YOUR PERSONAL DATA FOR …” The terms of the forms should be easy to understand, clear and straightforward.

 

 

At Moneytrans we have been working very hard to adapt to the new GDPR, and to be able to continue offering you every day more confidence at the time of treating your data to make you reach offers that help you get in touch with your family, or to catch up with the latest news you’re interested in.

And because we have been doing simple and straightforward things for years so that you can enjoy our services, we want to continue making life easier for our clients and for everyone who needs it.

That´s why we have made a list of everything you need to know about the new legal framework of the General Data Protection Regulation, and offer you all the peace of mind and security you need.

 

What is a Personal Data? 

Personal data is all the information about a natural person, from the DNI, location, and even psychic, economic or cultural condition.

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Clear and direct consent 

From now on, users will have the ability to withdraw the consent that we had previously given, directly or indirectly to companies, and even to eliminate information from the servers of the companies.

This new regulation forces to generate many more controls to ensure that whoever provides its data, does so with full knowledge.

What happens to child data? 

The new General Data Protection Regulation (GDPR), considers that consent by parents will have to be requested to process the data for children under the age of 16 who are using Internet.

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Default privacy measures 

It´s established that every project, whatever the type, must evaluate from the beginning of its design and by default, the possible risks that may arise against the privacy of the personal data that they have. In addition to verifying the deletion of data, or at any time they are being given a treatment that conforms to the current legislation of protection data.

Users will enjoy greater security of the use of our data, and we will be 100% sure that our data has been deleted if we want to.

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For what do they use our data? 

Thanks to the GDPR there will be greater transparency with the people whose information is accessed. So now companies should explain to users who they get their data for what they are collecting, and prove that they are only making use of this data for the purposes they have mentioned.

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The responsibility is of the companies 

Each company individually will have to determine what levels of risk they may have, and the necessary measures to be taken to ensure the security and safekeeping of the data, and its correct use.

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What is the DPO? 

The new General Data Protection Regulation (GDPR) encourages the creation of a new figure, the Data Protection Offices (DPO). It is a person who will have to identify all the possible risks and look for the necessary solutions to solve them.

The figure of the DPO is mandatory for all public administrations or organizations that treat data on a large scale. This can be internal or external to the company.

Security Notifications 

In the event of a security breach and data leakage, the person responsible for the processing of this data must notify such security failures within a maximum period of 72 hours.

An effective system will have to be made to report this gap, or to communicate the failure to those affected in the case of any risk to their rights.

 


 

At Moneytrans we know that your security is the most important thing, that’s why we are transparent when it comes to giving you a quality service in your money transfers with our online calculator, so you always know what you are going to pay for your shipment and the different options to receive your money. We put at your disposal our privacy data policy.

And any questions you may have, do not hesitate to contact us!

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