The GDPR is coming. Is your organization ready?
With the passage of the General Data Protection Regulation (GDPR) into law, organizations that handle personal data of EU residents will have to comply with an updated comprehensive set of rules designed to ensure data privacy. As Security Intelligence reports:
“[The GDPR] will enact stricter guidelines on getting consent for data collection, individual profiling and more comprehensive definitions of data. It all points to a new imperative to manage data at a granular, data-element level by understanding where the data is located, where it flows, with whom it is shared, what consent is given and when data must be deleted.”
And the GDPR has teeth. Violation of key GDPR provisions could result in fines of up to 4% of a company’s global annual turnover. Literally millions of dollars could be at stake for non-compliance.
Unfortunately, research among IT professionals suggests a lack of readiness. Cloud security firm Netskope found that only 21% of IT professionals at medium and large businesses felt confident they would comply with upcoming regulations, such as the GDPR. A separate report from software company Metalogix revealed that only 26% of those surveyed kept GDPR readiness top of mind when securing their cloud archive systems.
So how will the these regulatory changes impact you, and how will you need to communicate these changes to your employees? Register for our webinar at 10 a.m. to 11 a.m. PDT (1 p.m. to 2 p.m. EDT) on July 20th, 2016 to find out.
Our webinar GDPR: The Shifting Tides of Global Privacy will feature privacy professionals and thought leaders from Chevron, Mylan pharmaceuticals, and other global organizations discussing:
- How the GDPR will impact various industries
- Changes to how privacy professionals work and communicate
- The shifting landscape of privacy awareness
- The long-term impacts and consequences of the GDPR