Newsletter no. 29 May 2018: GDPR – What are the obligations and consequences for companies?

Headlines: GDPR – What are the obligations and consequences for companies?
Starting from 25 May 2018, the European General Data Protection Regulation imposes new requirements on companies with regard to the processing of personal data. Businesses that do not comply with GDPR will be subject to monetary fines ranging up to 4% of annual global turnover or 20 million Euro. Europe aims to create a strengthened, harmonised framework for data protection in consideration of recent technological developments (Big Data, connected objects, artificial intelligence) and the challenges that come with these developments.



Complementary topic: Incapacity schemes – Reducing workplace absenteeism
The Caisse Nationale d’Assurance Maladie (CNAM) recently published data on changes in the overall amount of daily injury benefits paid. For January 2018 alone, there was an 8% increase over January 2017 and a 5.2% rise over the last 12 months. In all, illnesses with work stoppage last year cost the general health insurance fund over 10.3 billion Euro.



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Data sheet: GDPR: How it works