What does May 18th, 2018 mean to you? If you conduct business with European individuals or businesses it is time to hire a Data Protection Officer (DPO). The European General Data Protection Regulation is 11 months away. This regulation is intended to strengthen and unify data protection for all individuals within the EU. It addresses the export of personal data outside the EU. The primary objectives of the GDPR are to give control back to citizens and residents over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU.
This regulation embodies the nexus between privacy and cybersecurity via “protection’. GDPR will eliminate plausible deniability as the penalties for non-compliance i.e. lack of protection will equate to 4% of revenue. This is a game changer. No longer will cybersecurity be viewed as an expense ; now it will become a functionality of conducting international business.
from CSO Online Data Protection http://www.csoonline.com/article/3199667/data-protection/may-18th-the-birthday-of-the-dpo.html#tk.rss_dataprotection