On May 25, 2018 the EU will have the right to fine and regulate foreign “processors” of EU subject data, including hundreds of U.S. companies. This article will address ways to protect your organization financially and remain compliant.
Get ready: The EU’s General Data Protection Regulation (GDPR) is set to take effect in under four months (May 25, 2018 to be exact). Under the new law, the EU can directly fine and regulate foreign “processors” of EU subject data. Making matters more complicated, the GDPR’s definition of “processor” is very broad and includes most U.S. companies that receive data, from any source, that personally identifies European Union subjects.