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Volume 31, Issue 1

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Wednesday, 14 February 2018 15:18

Countdown To The GDPR

What Compliance Should Be Doing Now

CCI has covered the General Data Protection Regulation (GDPR) extensively, and by now most readers may know that the deadline for GDPR compliance is barreling toward us. Kevin Gibson walks us through what businesses must do to prepare.

May 25, 2018, the day on which the General Data Protection Regulation (GDPR) takes effect, is fast approaching. Some firms have been proactively working toward GDPR compliance, which is wise given that failure to do so exposes organizations to fines of up to €20 million (US $23.5 million) or 4 percent of global revenue — whichever is higher. However, it appears that a majority of firms whose business requires them to comply with GDPR have yet to do so and are instead waiting to take action until just before the deadline or worse, after it passes. Such procrastination is ill advised. The GDPR compliance countdown, as outlined here, should start now.