Coming into effect in May 2018, the General Data Protection Regulation (GDPR) will bring into force the biggest changes in data protection rules in two decades. It will overhaul how businesses process and handle data. It will also financially penalize organizations
that are based in or operate from the European Union, or process personal data of EU residents, should they fail to adequately safeguard personal data against a breach, and report such a breach to a supervisory authority within 72 hours.
There are significant risks for businesses who are not compliant by the deadline. What is the worst-case scenario? The answer: a potentially organization-crippling fine of €20m or four percent of its annual turnover, whichever is greater. With such a dramatic risk
of financial loss, it’s no wonder that companies are paying serious attention to safeguarding their data.
At Code42, we are also working our way to GDPR compliance. During this transition, we have uncovered some important insights into the compliance journey, and we want to share best practice guidelines for all companies that have customers in Europe to help
them prepare to meet the requirements of GDPR.