The General Data Protection Regulation (GDPR) is a new framework in practice for data protection laws in European region. It sets a protocol for collection and processing of personal details of individuals inside European Union (EU). The lawsuit is in regulation from 25 May 2018 in EU. The personal data of every individual and companies in European region are gathered and processed by GDPR.

Will it affect our business process?

In all means the answer is yes. If the company is located in European region, all your details and activities will be monitored for security process. It is applicable to all types of business whether they are services provider or goods and sales.

In another case, may be the active company is not located in EU, but having business deals with European based companies they definitely should compliance with legal procedure.

Magento 2 with GDPR

Considering customer easiness, Magento has revised their product privacy policy. To help clients and users with GDPR compliance, it has made the data accessing more transparent. Now the users of Magento 1x and 2x versions can find the information storage location with “data mapping”. It is made available on-premises and open source. For Merchants, they have to provide the reason to individual who uses their stores, why the details need and how the data are processed.

Magento, now officially supports GDPR compliance in its products with legal security certification. They have revised the contracts of the partners and customer with new policy and security process for data protection. They also assist customers with extended support for data access, stored location information and also explains how the information are used transparently.

If your Magento stores are serving globally, Make sure that the clients or third party users follows revised contract.

Extensions for General Data Protection Regulation

Magento offers extensions, by which we can handle right of access and data portability according to General data protection regulation.

Extension features:

• Customized cookie compliance notification on user request to access or edit personal details when they land on website.
• With the available extension, the customer data can be removed, even though e-commerce sites saves customer purchase data we can still delete anonymize personal data on a request of an individual.
• Data portability- It has a feature that allows the admin to export all the personal data of the customer like customer name, address, orders details, and payment details on user request which comes under right to access.
• Renovation of Privacy policy- Administrators can reset old consents with newly provided consents according to GDPR compliance.

Conclusion:

All companies wants to satisfy the customer and improve their sales. And In user perspective, they want to purchase in safer way and to explore new way of shopping. We must establish our businesses accordingly to the rules and regulations.

The merchants who violate GDPR will be fined €20 million or 4 % of previous year turnover whichever is largest. So as a prevention method get help from a Magento web development service provider for GDPR compliance support.