International Business Services Provider Lewben Group together with IT solutions provider Baltic Amadeus has signed a cooperation agreement that will allow them to offer a consolidated service to the Lithuanian market.
The new service will help businesses secure their personal data and avoid the risks associated with inappropriate processing of such data.
“We saw potential in the market. Before the new European Union Common Data Protection Regulation in Lithuania comes into force, companies must carefully review a multitude of not only legal but also technical processes of the company, in order to meet the changed requirements. To do this, you need a professional team of lawyers and programmers working together, “said Gediminas Laucius, Head of Legal and Tax Services at Lewben Group.
“The volumes of automated data processing are increasing every year. This opens up new opportunities for Lithuanian companies to successfully develop their business, but at the same time, the risks associated with inappropriate personal data are growing. Improperly protected web sites or internal systems can become an easy target for hackers. Cybercrime attacks pose a threat not only to sensitive business information or personal data, but can also have damaging implications for the company’s IT infrastructure, “said Andžej Šuškevič, Managing Director of Baltic Amadeus.
Lewben Group and Baltic Amadeus will propose effective legal, technical and organizational measures that will ensure the security of corporate data managed by the companies and their management in accordance with the requirements of the law. A dedicated team of professionals will carry out a comprehensive legal and technical audit of companies, develop the required data management strategy and implement it.
A year ago, the EU General Data Protection Regulation imposed stringent requirements for the security of data processing, obliged companies to carry out regular impact assessments on data protection, further defined the data subject’s consent procedure, identified businesses to report personal data breaches and obliged them to keep records of data processing activities.
The new regulation in Lithuania will be applied from May 25th next year. After this date, companies will face difficulties not only in the bearing of responsibility, but also for being liable. Therefore, companies that do not comply with the requirements of the new regulation will risk the continuation of their business. The new regulation will oblige data controllers not only to fulfill formal requirements but also to have evidence of compliance. The absence or lack of such evidence can give rise to legal liability.
In Lithuania, compliance with the new data protection regulation will be monitored by the State Personal Data Protection Inspectorate. For violations of the Regulation, it will be able to impose fines of up to 4%. of the total turnover of the company, but not more than 20 million euro.