Thursday, May 25, 2017

One Year Until EU Privacy Regime Change: Prep Time is Now; Bloomberg BNA, May 25, 2017

Jimmy H. Koo and Daniel R. StollerBloomberg BNA; One Year Until EU Privacy Regime Change: Prep Time Is Now



"Companies should start preparing for the new EU General Data Protection Regulation (GDPR), which takes effect May 25, 2018, privacy attorneys said. But regardless of how much they prepare, full compliance with the GDPR is an elusive goal, attorneys said...

The GDPR, which takes effect May 25, 2018, provides one EU-wide regulation to replace a more than 20-year-old directive that required each country to pass its own privacy laws. The GDPR will bring stricter standards for user consent to the use of their personal data, mandatory data breach notification, and fines as high as $20 million euros ($22.4 million) or 4 percent of a company’s annual worldwide income, among other things...

The GDPR “at its core is about information governance,” Clarissa Horowitz, vice president of communications at Mountain View, Calif.-based software company MobileIron Inc., told Bloomberg BNA."

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