The European Union's General Data Protection Regulation goes into effect tomorrow, Friday, May 25th. This means that businesses operating – or collecting the information of citizens based – in the E.U. will have to comply with new data processing and notification standards. The intention is to enhance personal privacy, and increase transparency about how data is being used. Companies found to be in violation of GDPR will be faced with hefty fines, depending on the severity of their infringement.
Our new infographic offers a high level overview of the financial impact GDPR can have on businesses that are unprepared:
To get the full scoop on GDPR, including ways to prepare your business, check out this blog.
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