GDPR. Four letters that most everyone has heard within the last year and a topic included in our latest e-book, “Data & Privacy: 2018-2019 Outlook.” What does GDPR stand for? General Data Protection Regulation, of which reinforcement officially began on May 25, 2018.
GDPR is designed to not only standardize privacy practices across the EU, but to influence how countries outside the EU design their own legislation around data protection and privacy. While GDPR applies to data captured and processed by EU-based businesses, it also pertains to organizations outside the EU that processes personal data about EU customers in connection with offering goods or services to them. The implications if not followed? Fines can reach up to €20 million or four percent of total worldwide revenue the previous year, whichever is greater. We doubt that anyone would like to hand over a check for that amount, so we’ve provided information and some recommendations s for U.S. businesses on GDPR in our new e-book.
If you would like to read more about GDPR and other top data and privacy concerns of 2018, with an outlook into 2019, download our new e-book here.