June 20, 2017 / GuidesFor Team
Digital businesses in Europe have to fast-track security compliance, as The EU General Data Protection Plan Regulation (GDPR) will take effect in May 2018.
“The countdown has begun. Businesses operating in Europe or targeting European customers have two years to get their act together and prepare for the new regime,” said Eduardo Ustaran, European head of privacy and cyber security at law firm Hogan Lovells.
“At stake are not only the consequences of non-compliance, but the ability to take advantage of the opportunities presented by new technologies, data analytics and the immense value of personal information.
“From determining when European law applies to devising a workable co-operation strategy with national regulators, there are many intricate novelties to understand and address,” he said.
With the changes that GDPR will apply to all businesses in EU, at the end their only goal is to protect the people and to lessen future damage when it comes to confidentiality of online information. – Mayvilyn Cabigao
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