GDPR is the new European Union’s (EU) General Data Protection Regulation law. Companies that collect data on citizens in EU countries will need to comply with the strict new rules that protect consumer data by May 25, 2018.
Even if your company or organization in not located in the EU, if your company processes personal data or sells goods or services to citizens in EU countries, then you will need to comply with GDPR.
The GDPR penalties for non-compliance are steep – possible audits and fines of up to €20 million (about $24 million USD) or 4 percent of your company's annual global revenue, whichever is greater.
To be in GDPR compliance, all organizations should implement a GDPR Compliance Readiness Program.
Organizations need to focus on having in place the right data governance structures, policies and operational practices, and monitoring, detection and response processes.
The Clarus Tech Partners team of IT, legal, compliance and cybersecurity experts analyze and advise on
GDPR, KYC, Cybersecurity and business regulatory Compliance.
Clarus Tech Partners are located in the U.S. and Europe.
The Clarus Tech Partners team of IT, legal, compliance and cybersecurity experts have customizable GDPR Compliance Readiness solutions to help your organization assess your current data compliance exposure, build a plan, implement the policies and processes, and maintain and control ongoing GDPR compliance.
GDPR implementations need to focus on having in place the right data governance structures, policies and operational practices, and monitoring, detection and response processes.
AIM Process – Assess, Implement, and Maintain
Clarus and Partners will work with your organization to comply with the GDPR requirements: