Under the new GDPR, businesses are called on to standardize how they handle personal data. It’s also an opportunity to get your systems and processes ahead of the next regulation.
GDPR—the European Union’s General Data Protection Regulation—will come into effect on May 25, 2018. While the fines—up to approximately $24 million or 4 percent of annual profit—are enough to make businesses take notice, the new regulations highlight a new way of handling security and privacy that will impact how all businesses process and manage personal data going forward.