The EU’s General Data Protection Regulation: How It Changes the Game for Privacy and Steps Companies Can Take Now to Prepare
Achieved Compliance Solutions makes compliance with the imminent EU General Data Protection Regulation (GDPR) possible for companies regardless of size or revenue. We intentionally designed our solution to focus on SMEs which face a real challenge due to unprecedented compliance requirements presented by GDPR.
The May 2018 deadline for GDPR compliance places significant new demands on companies that collect and process information about European citizens. But with those demands come significant benefits that can help companies adapt to a rapidly-changing data marketplace and in doing so, position themselves for growth and new opportunities. With only six months left in the grace period – the time is now to accelerate your compliance. This paper will give your executive team background on the GDPR and the immediate steps that can be taken to understand the organization’s data footprint and obligations under the law.
The General Data Protection Regulation (GDPR), enacted in April 2016, promises to transform the way companies manage and protect data about individuals. The GDPR governs the protection of data across the European Union (EU), and any company that collects data about citizens of the EU must comply with the new law. Because the law takes effect in May 2018, companies are working to understand its requirements and make the changes necessary to come into compliance.
This paper sets out how the GDPR’s approach to data protection represents a shift from traditional ways of thinking about privacy. It discusses some of the key provisions of the regulation, and how they will change the way companies approach data protection and data management. Finally, for companies working toward GDPR compliance, it suggests key steps they can take right now to position them to meet requirements.