Do you understand what it takes to handle personal information , from one end of your organization to the other ? The GDPR requires organizations / companies and other groups who process personal data of European Union citizens to keep that data secure, and it levies big penalties to organizations that fail to comply. There will be two levels of fines based on the GDPR.
1. Up to €10 million or 2% of the company's global annual turnover of the previous financial year, whichever is higher.
2. Up to €20 million or 4% of the company's global annual turnover of the previous financial year, whichever is higher.
The GDPR requires appropriate technical and security measures that are
implemented to securely process personal identifiable information. Business shares
large volume of such data, normally via insecure standard emails.
TaiPay SecuredTrust allows personal data transmitted directly from one controller to
another in secure environment via Pseudonymization.
TaiPay's GDPR tokenization solution helps you pseudonymise (tokenize) personal data within your required environments by substituting sensitive data with random numbers, letters and symbols (so called token), and store those tokenized data in customer's private token vault.