Ensuring compliance with GDPR
Ensuring compliance with GDPR
The GDPR is the new data protection law of the European Union and its member states, which was approved on April 14, 2016 and went into effect on May 25, 2018. Any organization that handles EU citizens' personal data, regardless of its location, is subject to GDPR's requirements. If you're not compliant with GDPR, it can result in fines of up to 20 million euros -- approximately $23.2 million -- or 4% of annual global turnover. From data processing injunctions to suspended data transfers, GDPR is putting strong pressure on companies worldwide when it comes to data protection. GDPR compliance requires a risk-based approach to data processing activities. Most organizations collect and utilize their users' personal data, but security is not necessarily their main activity. However, businesses still need to understand and implement GDPR's key requirements as part of an overall strategy to ensure compliance. Organizations can achieve GDPR compliance through effective data management and by implementing automated processes. These best practices will help companies simplify and streamline the journey toward GDPR compliance."
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