The upcoming EU General Data Protection Regulation (GDPR) is the most important change in data privacy regulation in 20 years.
GDPR comes into force in May 2018. Relevant key points and brief explanations:
With the GDPR coming into effect, the location of a company becomes irrelevant; all organisations processing EU residents’ personal data have to comply.
In case of a GDPR regulatory breach, organisations can face fines of up to 4% of their annual global turnover.
In case of a security breach, it’s mandatory to send out notifications to healthcare organisations within the first 72 hours to make them aware of the breach.
Find key changes online.
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