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A Dawn of a New day in EU Data Protection

Abstract

After four years in the making, on 27 April 2016, the European Parliament and the Council of the European Union adopted and introduced The General Data Protection Regulation (GDPR), also known as Regulation (EU) 2016/679. The GDPR entered into force on 24 May 2016, and will apply to all EU states as of 25 May 2018, repealing Directive 95/46/EC regarding data security and the processing of personal data. The need for a new legislative framework to address the issue of data security has long been in existence. The current directive was adopted more than two decades ago, and as such could not catch up with the new challenges involved in the protection of personal data emanating from the rapid technological developments and globalization.

Author

Portrait image of Gil Banyas
Gil Banyas
In-House Counsel, 365 Technologies Inc, Israel

Gil Banyas is a licensed lawyer in Israel from 2012, holding a L.L.B in law and B.A in business administration from the Interdisciplinary Center in Hertzliya. Untill 2015 he was practicing law with a well known boutique law firm located in Tel Aviv, mainely dealing with corporate law, high-tech and litigation. In 2015 he joined 365 Technologies as lead in-house counsel, in charge of all legal affairs of the company, including providing counsel to senior management, negotiation and execution of multi-component agreements, global regulatory compliance and supprting the HR department.

Company

365 Technologies Inc logo

365 Technologies Inc

365 Technologies Inc is, a growing technology company active in the global payments industry, offering an advanced technology platform. The company, via its subsidiaries supports both the B2B payment market and the modern B2C payment market and is active in Europe, LATAM and APAC

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