"General Data Protection Regulation (GDPR) – Are you in compliance?"
The General Data Protection Regulation (GDPR) became effective on May 25th but many companies are still not in compliance. Many US companies don’t even realize that they may have compliance issues. GDPR spells out the EU’s rules on data privacy which are broad, carry significant penalties for non-compliance and impact any business that keeps or processes information on EU citizens, even those not located in the EU. A recent Treasury Alliance Group survey showed 75% of respondents had trading partners in the EU but only 25% felt they were already in compliance. Almost 35% of respondents weren’t even aware of GDPR. And now US regulators are beginning to follow the EU lead. Much of what GDPR requires makes good business sense. Non-compliance or just ignoring GDPR doesn’t as the potential penalties can bankrupt many companies. This session will discuss how GDPR potentially effects all companies, including US based companies and the steps you should take to get into compliance if you’re not already there.