The General Data Protection Regulation (GDPR) came into effect on May 25th 2018 replacing the European Union’s Data Protection Act of 1998. The regulatory volume consisting of 99 articles is a fundamental change in how data protection will be regulated within the European Union.
The GDPR defines personal data as any data that can identify a living person, either directly or indirectly to in combination with other pieces of data. Processing is defined as any action taken with the data including collecting, storing, using, sharing, transferring, retaining and deleting.
The new regulation also impacts on Pakistan as the largest banking players in Pakistan have all got presence via overseas subsidiaries and branches across various countries in Europe. According to Dawn, the majority of the customers of these banks are the vast Pakistani Diaspora based across Europe, therefore, the information that is normally collected from them for banking services relating to age, employment details, addresses, etc, will all fall under the definition of personal data and the requirements of GDPR will need to be complied with.
Therefore, in order to spread awareness regarding the new regulation, Catalyic Consulting is organizing a GDPR Awareness Session on the 27th of September 2018 at the Maisonette Hotels & Resorts, Lahore.
The fee for the program is Rs12000 with early bird and group discounts also available. The registration deadline is 21st September 2018. Be sure to register in order to learn more about the regulation. To register, click here.
