BOTTOM LINE

It remains to be seen what will happen after the GDPR becomes effective on May 25, 2018. The GDPR compliance roadmap can be helpful for any organization that collects or processes personal data, whether or not an organization in or outside of the EU believes it is subject to the GDPR. With just one year of the two-year implementation period left, organizations should be well on their way to preparing for the impact of the new regulation.

The adoption of the European Union (EU) General Data Protection Regulation (GDPR) in April 2016 was one of the biggest changes in European privacy law in decades. It promises significant changes to the way organizations are expected to collect and use information. Further, the extra-territorial reach of the GDPR means organizations outside of the EU may be affected. With the threat of penalties of up to 4% of annual worldwide turnover or €20 million, organizations should take a serious look at their data collection and use practices to ensure compliance with the GDPR before it comes into effect on May 25, 2018.

Read more: http://www.ilnipinsider.com/2017/06/t-minus-1-year-until-gdpr-are-you-ready-for-take-off/