From: Forbes
Regulators are the catalyst for stronger measures in cyber security, and new regulation from the EU is going to have a serious impact on organizations that process EU citizen data. After four years of diligence and debate, The EU Parliament approved the Global Data Protection Regulation (GDPR) on April 14, 2016. It will enter into effect on May 25, 2018, at which time those organizations in non-compliance will face heavy fines.
“GDPR is a revolutionary regulation, brought in to replace the Data Protection Directive 95/46/EC and was designed to harmonize data privacy laws across Europe, to protect and empower all EU citizens data privacy and to reshape the way organizations across the region approach data privacy, bringing cyber into the boardroom,” according to Ariel Evans, CEO of InnoSec a GDPR expert.
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