After more than four years of planning and negotiations, The European Parliament has this month (April 2016) officially approved the new General Data Protection Regulation (GDPR) that will become law in two years’ time.
Aiming to give members of the public control over their data, the GDPR will also give more power to regulators who will be able to impose tougher financial penalties on businesses for not protecting data.
With a recent YouGov survey of 500 medium and large businesses finding that 80 percent of respondents are not confident that they will be able to comply with the upcoming GDPR regulations, it is important that businesses start preparations immediately and use the 2 year transition period to implement necessary changes in processes and procedures to ensure compliance.
Andrew Dyson, Partner and Co-Chair of DLA Piper’s international privacy and data protection practice has written an article outlining the major changes in the GDPA that can be found here: http://techcitynews.com/2016/04/20/what-the-general-data-protection-regulation-actually-means/
As data protection experts, Russell Richardson will be offering advice and guidance to all their customers throughout the two year transition period helping them to ensure they are ready for the new regulation and compliant by 2018.