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From May 2018 when the upcoming EU GDPR (General Data Protection Regulation) comes into force, the requirements for managing personal data will change. Companies collecting such information from their customers will have to adapt to fundamental changes both in the very definition of personal data and in technical requirements around its secure and privacy-enhanced processing, including topics like consent management, data portability and the right to be forgotten. The scope of this regulation is very broad and it affects all organizations, including global enterprises outside of the EU, that collect, hold or process personal data on EU residents. The requirements for maintaining consumers’ privacy are significantly more stringent through this new framework and the fines for compliance violations have been increased accordingly, reaching up to 4% of the company’s annual worldwide turnover. With less than 12 months to go, is your organization ready to comply with these requirements that demand better controls over how it uses and manages the personal data that it holds?
From May 2018 when the upcoming EU GDPR (General Data Protection Regulation) comes into force, the requirements for managing personal data will change. Companies collecting such information from their customers will have to adapt to fundamental changes both in the very definition of personal data and in technical requirements around its secure and privacy-enhanced processing, including topics like consent management, data portability and the right to be forgotten. The scope of this regulation is very broad and it affects all organizations, including global enterprises outside of the EU, that collect, hold or process personal data on EU residents. The requirements for maintaining consumers’ privacy are significantly more stringent through this new framework and the fines for compliance violations have been increased accordingly, reaching up to 4% of the company’s annual worldwide turnover. With less than 12 months to go, is your organization ready to comply with these requirements that demand better controls over how it uses and manages the personal data that it holds?
