GDPR stands for General Data Protection Regulation and is the new European Union Regulation set to replace the Data Protection Directive (DPD). GDPR was approved by the EU Parliament on April 14th 2016 and involves the protection of personal data and the rights of individuals. Its aim is to ease the flow of personal data across the 28 EU member states. GDPR will come into effect on the 25th May 2018.
GDPR introduces 8 fundamental rights under GDPR. These are:
The right of automated decision-making and profiling – GDPR has introduced controls to protect individuals against the risk that a potentially damaging decision is made without human intervention. For example you can choose not to be the subject
of a decision where the consequence has a legal bearing on you or is based on automated processing.
During the last several months MeDirect has been working on a GDPR compliance programme. Different initiatives have been carried out with both customers and employees in mind, including:
MeDirect ensures that your data is stored securely. Therefore, we have implemented and constantly updated our technologies to ensure that your personal data is protected from unauthorised access, unauthorised modification or loss.
In instances where a third-party provides a service to MeDirect we ensure that they are contractually bound to implement adequate information security controls to safeguard access to your data including encryption. Data provided to those third-parties shall only be utilised for the sole purposes stipulated in the contractual agreement.
We have updated our Privacy Notice to reflect GDPR requirements. The Notice provides an explanation of what information we gather about you, what we use the information for and who we give the information to. The Privacy statement also sets out your rights as a Data subject and provides the MeDirect point of contacts to clarify any questions you might have on Data Privacy.
GDPR requires that at least one of the following six ‘lawful basis’ apply, in order for us to process your data:
MeDirect uses a number of channels to inform its customers on new products, services and promotions including post, telephone, email and SMS. We give an option to our clients to specify whether they would like to receive marketing communications together
with the channels they would like to receive communication on. Following submission of your marketing consent preferences these may still be updated in the future through one of the following ways:
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The materials contained in this web site are provided for general information purposes only and are not intended to provide legal or other professional advice nor do they commit MeDirect Bank (Malta) plc to any obligation whatsoever. MeDirect Bank (Malta) plc accepts no responsibility for any direct, indirect or consequential loss or damage which may arise from reliance on information contained in this site. Users are advised to seek confirmation of statements made herein before acting upon them; specialist advice should also be sought on specific issues.