From: International Policy Digest
As the countdown clock continues to speed toward the May 2018 imposition of the General Data Protection Regulation (GDPR) in Europe, many public and private sector leaders remain either oblivious or confounded by what may become the world’s most far-reaching privacy and information security standards.
GDPR sets out directives on data privacy and security, adopting a carrots and sticks approach to information security–the biggest stick being the EU’s ability to impose fines of up to 4% of global turnover or €20 million on firms that, in the judgement of regulators in Brussels, breach the new mandates or put the data of EU citizens at risk.
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