Opportunities for wealthy persons and families (HNWI´s / UHNWI´s) in the age of the new EU-DSGVO


The new EU-DSGVO (data protection basic regulation) offers new approaches in connection with an occasion-related or holistic online risk management to protect privacy on the Internet or in online media (for example in connection with domain registrations, party donation lists, wealthy and rich lists) in the best possible way.

From practice:

Domain holder data are now not readily available online … until recently this was quite different.

With the new DSGVO, security managers now also have an additional means of pressure at their fingertips to have any unwanted critical content on websites, blogs and forums deleted. The „right to forgetting“ and the associated deletion of (old) data records supports security officers in the context of the holistic support of wealthy persons.

The extent to which the deletion of data on party donation lists and so-called wealthy and rich lists is favoured by the DSGVO will have to be demonstrated in practice in the coming months and years. It is quite possible that in the foreseeable future there will be a precedent before an administrative court in this regard, in order to make a final judgement as to whether personal rights (also in connection with the protection of privacy and the like) have priority over the public’s right to information and disclosure.

The situation is similar in connection with the „right to official information embargo“ for wealthy families and persons. In the past, authorities have often refused applications for information embargo if the addresses of the persons concerned had to be researched elsewhere (simply and quickly) on the Internet. In our opinion, this can and will change in the future if the security manager has completed the correct steps and measures before applying for an official information ban.

So much in a nutshell. We would be pleased to prepare an individual protection concept for you, taking into account the DSGVO special feature and our best practice approaches.