Any businesses in the US with customers in Europe or plans to expand into EU countries should have already started preparations for the General Data Protection Regulations (GDPR), which come into effect in May next year. But research by analyst firm Gartner shows that over 50% of companies affected by the GDPR will not be in full compliance with its requirements by the end of the looming deadline. The media has written extensively about the exorbitant fines companies might face if they are found to be non-compliant (as large as €20 million or 4% of global annual turnover – whichever is greater), and the ICO recently came out with this article in response, calling to reduce scaremongering around the issue.
Want to get the latest news about GDPR?
Get our newsletter. It goes out once every week with the latest news and best articles about GDPR. All articles are written or hand-picked by your team at Secure Privacy.