The point is that you probably have more third-party agreements than you thought. Closing your list of suppliers – including your own subcontractor – is an important first step in complying with the privacy policy. The Global Data Protection Regulation (GDPR) plays a significant role in ensuring the protection and confidentiality of user data, but what about third parties, providers and other external stakeholders? The RGPD clearly states that all companies and their partners are responsible for protecting users` data. Third parties are required by law to comply with all aspects of the regulation in order to ensure the consistency and real protection of consumers. Primary companies that use consumer data are tasks of implementing all the rules listed in the RGPD across their network. In practice, organizations should pass on their policies and procedures to their third-party suppliers and ensure appropriate compliance to promote comprehensive protection in all business channels. In general, a company should never reduce the value of ethical practices to host a business partner or supplier. The spirit of the RGPD is focused on this fundamental premise and organizations should now begin to oversee their partners` RGPD compliance initiatives. Under this definition, an agreement made by a third party includes undocumented, oral and hand-shaking contracts. These could have been created a few or many years ago by someone who no longer works in your company.

It doesn`t matter. These contract manufacturers, brokers, agents and resellers all count as suppliers and must be part of your assessment of third-party agreements. A step-by-step guide for compliant third-party agreements. This hidden danger? Third-party agreements. The truth is that they can make or break your data protection implementation. That depends. Where such third-party contracts involve the processing of personal data, companies must ensure compliance with the RGPD. Companies must conduct a thorough review of their contracts and make appropriate changes to comply with the PDPP. This means that you should be able to send your personal data in a common format (for example. B of a calculation table) either to them or to a designated third party.

This may seem unfair from a commercial point of view, as you may need to hand over your customers` data to a competitor. But from a privacy point of view, the idea is that people own their data, not you. Organizations that employ at least 250 people or conduct high-risk data processing are required to maintain an up-to-date and detailed list of their processing activities and to be prepared to submit the list to the on-demand screening authorities. The best way to demonstrate compliance with the DMPP is to use a data protection impact assessment Organizations with fewer than 250 people should also conduct an assessment, as this facilitates compliance with other PDMP requirements. You should include in your list: the purposes of the processing, the type of data you process, who has access to it in your organization, third parties (and where they are) who have access to what you do to protect the data (for example. B encryption), and when you intend to delete them (if possible). The first step in this process is to create and update an inventory of updates and data security and protection requirements. You can then use this database to perform a similar scan of each of your lender contracts.