Liminal Custody Solutions’ journey towards GDPR compliance involves a meticulous process dedicated to safeguarding user data and privacy. Here’s a deep dive into the strategies and policies that shape their compliance within the digital asset custody sector.
Data Management and Protection
To align with GDPR, Liminal commenced an in-depth data mapping to identify data handling processes. This laid the groundwork for integrating GDPR’s core principles, including data minimization and rigorous data protection impact assessments aimed at minimizing the risk of data breaches.
Strengthening Organizational Measures
It was imperative for Liminal to bolster their organizational approach to handle personal data. The company made significant strides by:
– Revising internal policies and procedures
– Initiating comprehensive employee training programs
– Appointing a dedicated Data Protection Officer (DPO)
Security protocols were fortified through encryption, conducting regular security audits, and developing a responsive incident plan to tackle data breaches effectively.
Enhancing Customer Trust Through Transparency
Liminal’s commitment to GDPR also meant overhauling their privacy policies with transparent communication playing a pivotal role. The company has made sure that:
– Users understand the data management process
– All users are granted control over their personal information
– Legal bases for data processing activities are disclosed
Liminal maintains a dialogue with users about their data practices, assuring continued trust and adherence to GDPR’s strict regulations.
