The General Data Protection Regulation (GDPR) – Not Just Any Law
The GDPR isn’t just any regulation. GDPR will be the strictest compliance regulation to date. Controllers or processors found in violation of GDPR could be fined up to 20M euros or 4% of their worldwide revenue-whichever is greater. With tighter controls and significantly higher penalties, the new compliance law is poised to enforce the protection of European citizens’ private data like never before-forever impacting the way EU and U.S. organizations handle their data.
The changes that GDPR requires will take considerable time and budget to develop and implement, so organizations need to start the process of upgrading their personal data security processes now. It’s estimated that achieving full compliance will take anywhere from several months to well over a year depending on an organization’s size, complexity, and current privacy maturity level.
Being prepared to comply with GDPR will likely require significant changes to organizations’ policies as well as investments in new security and privacy tools, frameworks, technologies, and personnel.
With a compliance deadline right around the corner, organizations need to get started today, if they have not already.LEARN MORE - Race To Meet GDPR Compliance
GDPR – Getting Started
Preparing for GDPR involves creating, reconfiguring, and beefing up many aspects of organizations’ current data security and compliance programs. While many of these areas will overlap for GDPR and other compliance regulations, GDPR compliance requires organizations to pay particular attention to three new GDPR requirements as outlined below: