If you are a US business that just started thinking about how to prepare for the General Data Protection Regulation (
GDPR), time is running out.
When the sweeping European Union (EU) legislation goes into effect on May 25, entities that process the data of European citizens are subject to a slew of new rules, which include enhanced data subject rights, guidelines for handling data, simplified and strengthened consent, mandatory breach notifications and increased protections for children.
Organizations in breach of GDPR can be fined up to 4 percent of their annual global turnover or €20 million (whichever is greater).
In order to be fully compliant, you’ll need to spend some time and money, but there are some things you can get started on right away.
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