DATA PROTECTION AND PRIVACY LAW
HOW CAN THIS AFFECT YOU?
Significant advancements in the field of information and communication technology and the growth in network interoperability such as the internet, global corporate networks and the cloud, have radically increased the ease which data may be collected, stored, transmitted, manipulated and disseminated. These developments have led to legislative changes and the emergence of a new regime of privacy protection. On the 25th May 2018, data protection law will change and the EU General Data Protection Regulation (“GDPR”) will take effect.
The regulations regarding data protection have expanded, imposing complex privacy and data protection requirements. First of all, let’s just say that the adoption of GDPR is mandatory. Consequently, should your organization be found inconsistent with GDPR, penalties can be expected such as the higher of 4% of the annual turnover or €20 million.
Regardless of the organization’s physical location, GDPR is applicable to all companies that hold and own personal data in the European Union. Even if your company is not in the EU, you will still have to comply with the GDPR.
We advise multinational companies and organizations on all aspects of data privacy, security and information management, including:
