Reasonable, common-sense security standards are becoming law in many regions of the world. In Europe, the General Data Protection Regulation (GDPR), enacted in April 2016, will become fully applicable on May 25, 2018. GDPR will bring the European Union (EU) under one comprehensive and harmonised legal system for data protection and privacy. The monetary penalties and reputational damage of noncompliance with GDPR are substantial – the maximum fines are the greater of 20 million euros or 4% of the company’s worldwide revenue.
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