Is your Business GDPR compliant ahead of the May 25, 2018 deadline?
Archive post. This article was published on May 18, 2018, a week before the GDPR took effect. It is kept for reference and may not reflect current law or guidance.
The General Data Protection Regulation or (GDPR) is a regulatory framework that strengthens the data privacy rights for European Union (EU) residents. The GDPR is slated to take effect on May 25, 2018. The primary objectives of the GDPR is to improve the individual’s control over their own personal information, harmonizes privacy and data handling requirements within the EU, and mandates practices from businesses that collect personal information to minimize the likelihood of a data breach of personal information.
If your business collects any personal information from EU residents and you are not already in compliance with the GDPR it is important to make sure that your business is fully compliant with the GDPR. Any and all organizations that conduct business in the EU should have a thorough understanding of how the GDPR can affect their business and its interests. Ensuring compliance is important because organizations found in violation of the GDPR after May 25, 2018 can be fined up to 20 million euros or 4% of their worldwide annual turnover, whichever is higher.
Our internet law attorneys are familiar with the GDPR and how to apply the best practices for your particular business. Consult with an internet attorney who is familiar with the GDPR today via a free consultation.
