Impacts of EU GDPR

Answer: EU GDPR only will come to force on 25 May 2018, so there are no companies penalized for not being in compliance to it until this moment. Regarding penalties, depending on the situation, the penalties may vary from 2% up to 4% of total worldwide annual turnover of the preceding financial year.

2 -I want to know is what is the impact of EUGDPR on India based companies operating in EU?

Answer: All organizations that handle personal data from EU citizens, even those not established in the EU will need to be compliant with EU GPDR if they will want to provide goods and services in the EU or to EU citizens.

3 - How privacy sheild will work parallely with this?

Answer: The EU-U.S. Privacy Shield is more of a U.S. EU initiative to help companies outside the EU to be compliant with EU GDPR, so in many points, by attending the Privacy Shield an organization will be compliant with EU GDPR. But both, content a nd approval of the Privacy Shield are a point of discussion, so the suggested alternative is to get legal support to identify were these frameworks may differ to take proper measures.

This article will provide you further explanation about EU GPDR:
- What is the EU GDPR and why is it applicable to the whole world? https://advisera.com/27001academy/blog/2016/10/03/what-is-eu-gdpr-and-why-is-it-applicable-to-the-whole-world/

These articles will provide you further explanation about privacy controls and EU GPDR:
- Does ISO 27001 implementation satisfy EU GDPR requirements? https://advisera.com/27001academy/blog/2016/10/17/does-iso-27001-implementation-satisfy-eu-gdpr-requirements/
- ISO 27001 vs. ISO 27018 – Standard for protecting privacy in the cloud https://advisera.com/27001academy/blog/2015/11/16/iso-27001-vs-iso-27018-standard-for-protecting-privacy-in-the-cloud/