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Volume 30, Issue 3

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Monday, 28 August 2017 14:50

5 Questions Compliance Should Be Asking About GDPR

How would you rate your organization’s GDPR readiness? Hanzo CEO and Chairman Kevin Gibson offers five questions every compliance officer should be considering ahead of next May’s deadline for GDPR compliance. Specializing in heavily regulated industries, Hanzo is the world leader in the legally defensible capture, preservation and analysis of web and social content. Herein Kevin provides some concrete guidance on compliance in the face of the data protection regulations.

On May 25, 2018, the European Union (EU) will see a seismic shift in data security practices as the General Data Protection Regulation (GDPR) takes effect. Proactively working toward GDPR compliance before the deadline may be the difference between smooth or choppy waters, as any failure to comply with GDPR exposes organizations to fines of up to €20 million (US $23.5 million) or 4 percent of global revenue — whichever is higher. This is true not only for organizations headquartered in the EU, but also for any entity around the world whose business involves providing goods and services to EU citizens and therefore is privy to their personally identifiable information (PII).

Knowing the answers to five key questions will prove essential to becoming and remaining GDPR compliant and avoiding both fines and potential loss of business.