MoneyPenny and GDPR
The General Data Protection Regulation (GDPR) sets the new legal grounds for collecting and protecting personal data by companies within the European Union and the European Economic Area. It also addresses the export of personal data outside the EU and EEA. The GDPR aims primarily to give control to citizens and residents over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU.
At MoneyPenny.me, we are fully aligned with the spirit of the GDPR for a safe and secure Internet. We aspire to embrace privacy by design and, whenever possible, to not collect and store personally identifiable information. For the personal data we do collect, we are committed to your right to privacy and to being transparent about how and why we store your data.
MoneyPenny.me has already taken the necessary steps for making sure that all our data handling processes are strictly aligned with the new requirements.
What’s the purpose of GDPR?
GDPR aims to unify and update the standards of private data collection and processing throughout the European Union.
The current data regulations differ from one state to another, but GDPR will standardize data privacy rules under a single set of legal requirements and all EU companies will have to conform.
GDPR’s objective is to guarantee individual rights and give European citizens full control over their personal data. Each processor of private data must reveal what personal information is being collected, how, why, for how long it is kept and if third parties have access to it.
What do I have to do about GDPR?
As always, MoneyPenny.me stands by full transparency. We’re committed to keeping our users and website visitors updated on their data protection rights, GDPR included.
If you are a visitor or a MoneyPenny.me user, rest assured that the security of your data is our main concern.
Therefore, in order to continue as a user of MoneyPenny.me, all you need to do now is accept the new Terms & Conditions, which cover all the details about data gathering, handling and protection while you’re working with us.
Do you own a small business within the EU? You can find out more about GDPR’s impact on your company and if you’re affected by the new changes from here.
Any questions about GDPR and MoneyPenny.me?
Data privacy and your peace of mind are very important to us.