GDPR Compliance: Special Challenges for Small and Medium-Sized Organizations
The EU’s General Data Protection Regulations (GDPR) came into effect on May 25, and companies collecting and maintaining even limited data about residents of the EU must comply. A U.S.-based company conducting only 5 percent of its business with European customers is still obligated to follow GDPR rules. But GDPR requirements are challenging to meet, and because smaller companies may have limited resources they risk falling short of requirements and facing the law’s serious sanctions of up to 4% of global revenue. But there are steps small and medium-sized enterprises can take to comply and limit their exposure to regulatory sanctions. What’s the Challenge for Small and Medium-sized…