In an uncertain world, one thing international organizations can be sure about is the need to mark 25 May 2018 in their calendars.
Why? Because on that date, the new General Data Protection Regulation will come into effect. This will impact every organization in the world that collects or retains personal identifiable data from any European individual.
Four years in the making, this European data protection initiative aims to harmonize the fragmented data privacy framework across the European Economic Area (EEA), and ensure that fundamental rights are protected in today’s digital economy. Legislators believed that an increase in legal certainty would both reduce compliance costs and encourage long-term consumer confidence in the safety of the global digital marketplace. This is why GDPR’s jurisdiction cannot be limited to the EU and requires extraterritoriality to be addressed.
Complete the form to read our paper on the international impact and opportunity of the General Data Protection Regulation.