{"id":7799,"date":"2021-02-02T09:21:09","date_gmt":"2021-02-02T14:21:09","guid":{"rendered":"https:\/\/www.itadsummit.com\/?page_id=7799"},"modified":"2021-02-02T09:21:09","modified_gmt":"2021-02-02T14:21:09","slug":"itad-blog-data-privacy-regulations-you-need-to-know-during-itad","status":"publish","type":"page","link":"https:\/\/www.itadsummit.com\/index.php\/itad-blog-data-privacy-regulations-you-need-to-know-during-itad\/","title":{"rendered":"ITAD Blog: Data Privacy Regulations You Need to Know During ITAD"},"content":{"rendered":"

\n\t\tITAD Blog\n\t<\/h1>\n

\n\t\tData Privacy Regulations You Need to Know During ITAD\n\t<\/h6>\n\t\t\t\t\t\t\t\t\t\t\"2\"\n\t

ITAD Blog<\/h1>\n

DATA PRIVACY REGULATION YOU NEED TO KNOW DURING ITAD<\/strong><\/h3>\n\t

128 out of 194 countries around the world have enacted legislation to secure the protection of data and privacy. \u00a0These global efforts to help protect personal data and prevent data breaches have been in response to the large increase in data incidents that have evolved over the past few years. Data breaches are happening more frequently with 2020 deemed by Risk Based Security as the \u201cworst year on record<\/a>\u201d by Q2 in terms of total number of records exposed.<\/p>\n

Experian disclosed data breach trends from the previous year in a recent report\u00a0forecasting 2021 trends<\/a>. Future trends for causes of data breach incidents include targeted attacks toward vaccine efforts, home networks, contact tracing applications, 5G network devices, and healthcare service technologies. The common thread woven into each of these trends, is the fact that they are all facilitated through electronic devices. Devices we use every day and upgrade regularly.<\/p>\n

Implementing a comprehensive disposal plan for all electronics will always be necessary to ensure both consumers and businesses of data protection. A company\u2019s IT asset disposition (ITAD) program must consider protection against various types of threats, as well as compliance with existing regulations. It is important to be familiar with all local and regional regulations, but there are some that may affect you, no matter where you, or your business, is located.<\/p>\n

 <\/p>\n

Here is a list of regulations affecting global IT asset disposition today.<\/strong><\/h2>\n

General Data Protection Regulation (GDPR)<\/strong><\/p>\n

In May 2018, the EU\u2019s General Data Protection Regulation (GDPR) came into effect. GDPR was a huge legislative change in Europe that outlines significant financial penalties for non-compliant handling of EU citizens\u2019 data. It does not matter where you are based, where you do business or where your headquarters is located. If your company handles, processes, or stores data of EU citizens, you need to be GDPR compliant. The consequences of non-compliance are severe. Companies can face fines of up to \u20ac20,000,000 or 4 percent of global revenue.<\/p>\n

Recently with Brexit, the UK decided to create their own version of the GDPR known as the UK GDPR. This new UK GDPR is still based on the same criteria of the Data Protection Act of 2018, however the UK will have the ability to make their own changes as they see fit in the future.<\/p>\n

Sector-Specific U.S. National Privacy or Data Security Laws<\/strong><\/p>\n

In the United States, there is a patchwork of different legislation for different industries including:<\/p>\n