UPDATE -- GDPR goes into enforcement and has broad global impact; 360 Advanced finds non-compliance fines could be in the billions
ST. PETERSBURG, Fla., Oct. 11, 2018 (GLOBE NEWSWIRE) -- The General Data Protection Regulation ( GDPR ) went into effect in May of 2018. Designed to protect and enhance the personal digital privacy rights of EU citizens and extraterritorial in enforcement reach, it applies to all organizations that collect and process the personal data of those in the EU regardless of where that organization is located globally.
Under GDPR, companies must obtain authorization from individuals for the use of their personal data, notify them if their data was compromised, inform of how personal data is to be used and, if requested, provide a record of personal data collected and/or data erasure.
Based in St. Petersburg, FL, with clients nationwide, 360 Advanced has done research that shows fines for failure to meet the GDPR standards can range up to four percent of an organization’s annual gross revenues, and while no fines have yet been assessed to date under GDPR, its implementation has made a broad impact.
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