Every company doing business in the European Union has some challenges ahead.
IAPP President and CEO J. Trevor Hughes
Concerns for any EU or globally active entity.
The European Union’s General Data Protection Regulation (GDPR) means that organizations, that handle EU citizens data face fines of up to €20 million or 4% of their global annual turnover if they are found non-compliant.
“Thanks to an extraterritoriality clause, even a company or service provider with no physical EU footprint still has to comply with the EU data protection legislation if it processes EU citizens’ data making it of global concern.” stated Duncan Brown, research director at IDC to SearchCIO.