Technology for GDPR Compliance Will Cost Top U.S. Firms $1 Million

A new survey conducted by Paul Hastings LLP provides a serious reminder that the cost associated with EU General Data Protection Regulation (GDPR) compliance is staggering, and that to be ready to comply when the regulation goes into effect on May 25, 2018, U.S. companies must act now. U.S. firms in the Fortune 500 will spend an average of $1 million on GDPR compliance technology alone. Currently, only 9 percent of U.S. companies surveyed have purchased new technology and just 34 percent have allocated the appropriate budget to hire the additional staff necessary to meet regulatory demands. The consequences of GDPR violation are immense, with fines of up to $22.4…

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Achieved Compliance Participates in the 39th International Conference of Data Protection and Privacy Commissioners in Hong Kong

Last month, Achieved Compliance attended the 39th International Conference of Data Protection and Privacy Commissioners in Hong Kong. Stephen Kai-yi Wong, Privacy Commissioner for Personal Data, Hong Kong, hosted the event, which was attended by over 3,000 data protection authorities, privacy professionals, industry representatives and non-governmental organizations. The Commissioners’ Conference convenes annually and offers one of the best opportunities to learn not only about the current state of data protection law, but to understand what is top-of-mind for regulators and what new challenges they see on the horizon. Among its goals is to promote and enhance personal data protection and privacy rights around the world, and to provide a forum…

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U.S. Federal Trade Commission Announces Settlement of First Privacy Shield Enforcement Action

On September 8, 2017, the Federal Trade Commission (FTC) announced settlement of its first enforcement action involving the terms of the Privacy Shield. Three companies – Decusoft, LLC, Tru Communication, Inc., and Md7, LLC were alleged to have violated the Federal Trade Commission Act (FTC Act) by falsely claiming that they were certified to the EU-U.S. Privacy Shield. In fact, they had not completed the certification process required. One of the companies, Decusoft, falsely claimed not to be certified to the Swiss-U.S. Privacy Shield. As part of their settlements with the FTC, the companies are prohibited from misrepresenting the extent to which they participate in any privacy or…

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Achieved Compliance Approved for Participation in Privacy Shield: Program Essential to Any Company Moving Data from the EU to the U.S.

Achieved Compliance is pleased to announce that it has been approved to participate in the EU-U.S. “Privacy Shield” program. The Privacy Shield provides companies on both sides of the Atlantic with a mechanism to comply with data protection requirements when transferring personal data from the European Union and Switzerland to the United States. The Privacy Shield updates the Safe Harbor regime that had supported data flows between the jurisdictions since 2000. As a participant in the Privacy Shield, Achieved Compliance meets all EU legal requirements for protection of data about EU citizens. Companies that use Achieved Compliance software and services can rest assured that we are committed to protecting data…

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