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Avoiding the compliance complications of GDPR

Jason Hart | November 14, 2017

Personal data and privacy have become a battle ground, and it’s being fought on varied fronts. Amid the tug-of-war over domestic policy, a regulation will go into effect less than one year from now that many U.S. companies are still overlooking simply because they believe it applies only to the European Union.

The EU’s General Data Protection Regulation (GDPR) transcends borders. Its aim is to strengthen data protection for individuals across the region. Therefore, any company whose business touches the EU should be aware that this regulation is not only “set in stone,” but that it has teeth that can cut into bottom lines. Those that fail to comply with the GDPR, even U.S. businesses, face a fine potentially equal to 4 percent of their global revenues.

The intent of the GDPR is to ensure organizations include “privacy-by-design” in their security strategies and become more accountable to customers. Unlike the United States, businesses currently operating in the... To get the full story, subscribe now.