GDPR - What You Don’t Know Can Cost You
The European Union’s General Data Protection Regulation became effective on May 25, 2018 and significantly changed how an entire host of businesses, not-for-profit organizations, healthcare providers and educational institutions, among others, have to protect the personal data of persons in the EU. You may think that because you have no direct business operations in any country in the European Union you have nothing to worry about. Not so fast…
While those US companies with direct business in the EU already are taking steps to comply with the new GDPR, the regulation is so sweeping that many companies not expected to be subject to EU regulations are, in fact, caught in the net. Even small organizations or those that deal with very small amounts of data originating in the EU must evaluate if they are subject to the regulation and, if so, take action to comply.
Just to prove that the EU is serious, fines for noncompliance can be the greater of either €20,000,000 or 4% of the total worldwide annual revenues from the preceding financial year!
- Learn what GDPR is
- Ramifications of noncompliance
- Identify which of your clients must be GDPR compliant
- Learn steps to take to comply
• What are some of the rules?
• Required rights under GDPR