Entrust us with GDPR
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Companies that process personal data and require payment services need to comply with both the General Data Protection Regulation (GDPR) and the Payment Service Directive 2 (PSD2). Being GDPR and PSD2 compliant takes time, money and manpower to create a solid infrastructure.
At Flime, we are committed to making sure that data stored with us complies with the rules and regulations of data protection laws. Leave your privacy and security legal worries with us and benefit from our service.
GDPR audits must pass through several principles accordingly. Keeping your records and policies up to date is a lot of work that you can remove from your tasks as a business.
Lawful and transparent processing: When personal information is collected and users have given consent to the processing, it must be clear as to why that data is being collected and how the data will be used. Information on what data an organisation has about an individual as well as who the data protection officer is must be readily available.
Purpose and data limitation: Organizations usually gather more data than they need and those who do can be out of compliance. Instead of asking multiple questions about unnecessary day to day activities, a name and email address from the data subject is sufficient. Organizations must ensure that they are storing the minimum amount of data required for their purpose.
Accurate and up to date processing: Data privacy laws require the organization to have a process and policies in place to address how they will maintain the data. This includes reviewing the current process and communicating any updates to users.
Limitation of storage: Organizations must control the storage and movement of data. This includes implementing and enforcing data retention policies and not allowing data to be stored in multiple places.
Confidential and Secure: Organizations need IT resources to protect the data from those who are negligent or malicious. Security policies, incorporating access controls, verifying the identity of those accessing the data and protecting against malware/ransomware needs to be evaluated.
Accountability and reliability: Organizations must be certain that every step within the GDPR strategy is auditable and can be compiled as evidence quickly and efficiently proving that the necessary steps to minimize the risk their data subjects face have been taken.