The European Union General Data Protection Regulation (GDPR) will drive unprecedented changes in the way organizations handle personal data. The regulation takes effect on May 25, 2018.
GDPR establishes measures that global organizations must take to protect personal data belonging to residents of the EU. It applies to any organization that handles or processes personal data belonging to EU residents, which may extend to your relationships with suppliers and third parties. It establishes strict breach disclosure requirements and will impose stiff fines for non-compliance: €20 million or 4 percent of global revenues, whichever is higher.
According to a recent PwC survey, 92% of US multinationals say that GDPR is a top priority on their data privacy and security agenda, yet 41% are still unsure how the new rules will affect their organization.(1)
What is clear is that GDPR will require an evolution in how organizations handle personal data, both for European customers and domestically in North America. GDPR comes into effect in May 2018. To help answer your questions, we’ve put together a resource page with helpful guidebooks, data sheets and links with more information. Visit icebergnetworks.com/gdpr to access the material, or contact us at email@example.com for more information.