As we mentioned in our earlier article the General Data Protection Regulation (GDPR) will apply from May 2018 in the EU. That means that you have about 1 year to make your business compliant with the new rules. Otherwise your company faces fines up to 20 Million Euro, not to mention the reputational loss a data breach can cause. A compliance project is always difficult to start. Thus, we would like to make it easier for you by collecting the 5 most important topics that you need to understand and clarify at the beginning of your compliance project.
I can imagine that when you hear the words data protection, you may not really be excited. What is worse you may skip to read this article. You probably think that when running your business, you have much bigger problems than data protection compliance. Still, I encourage you to give it 5 minutes and read through this short summary about the 5 most important impacts of the Data Protection Regulation (GDPR) on your business. The GDPR will only enter into force in May 2018 so this is the perfect time to familiarize yourself with the new rules.