International Companies and GDPR: Three Things to Consider
The winds of change are blowing stronger when it comes to compliance and, in particular, around privacy. Regulations regarding privacy are being beefed-up globally; Australia made significant changes in 2014, Japan’s amendments landed in May and the second stage of South Africa’s PoPI will get introduced this year. The European Union’s General Data Protection Regulation (GDPR) goes into effect next May and of the bunch it’s considered the strictest. The GDPR also carries the biggest fines if you’re found to be in breach.
- As a multinational, what should you really think about these changes – and specifically GDPR – as it covers the huge EU marketplace?
On one hand, the GDPR actually makes things easier. Instead of contending with 28 different EU privacy and data protection regulations, which vary in nature and enforcement, the ‘single market’ approach will finally apply to privacy as well. From May 2018, there will only be one regulation to consider. But the downside is how stringent the GDPR is and, of course, the risk of those often-cited huge fines.
Read the entire article here, International Companies and GDPR: Three Things to Consider
via the fine folks at Commvault