In a recent blog post, we reviewed the main terms and definitions in the upcoming General Data Protection Regulation (GDPR). For those of you who do not yet know about these new EU compliance regulations, please refer to our GDPR Overview.
GDPR brings several major data management requirements for all businesses that deal with data of EU citizens, including businesses that do not operate in the European Union, but process or store data of any person from the EU.
In today’s article, we will focus on GDPR compliant data storage. Continue reading
Businesses based in the European Union or businesses outside the EU working with EU citizen data are currently marking their calendars for May 25, 2018. That’s when GDPR is coming.
GDPR stands for General Data Protection Regulation and it’s a relatively new business data compliance regulation. It contains a whole range of new rules that companies may need to enact for proper compliance, as there are strict fines for non-compliance. Your business may be fined up to 4% of global annual turnover for your previous financial year or €20 million, depending on the larger amount.
You might think that US-based companies are not affected by these new regulations. But, you’d be wrong. If your company processes any EU citizen data, you need to be GDPR compliant.
In this article we will provide a general GDPR overview including main terms and regulations that you should be aware of.