The GDPR is comprehensive; its impact is far reaching, and the penalties for infringement are severe (up to €20 million or 4% of global annual revenue, whichever is higher).
In short, no impacted business can afford to ignore The GDPR. As the May 2018 deadline looms, organizations find themselves scrambling to be “GDPR ready” – but what exactly does that mean?
According to the official EU GDPR website, http://www.eugdpr.org, “The EU General Data Protection Regulation (GDPR) is the most important change in data privacy regulation in 20 years.”
This may well be true. The GDPR includes unprecedented penalties connected to data breaches, it reaches across international borders, and it targets both data owners and 3rd party service providers that process/manage that data.