Business Management

GDPR and OpenText™ Information Governance What the new EU data privacy rules mean for your organization

Provided by OpenText

Category Business Management

Type White Paper

Length 2

Publish Date October 30 2017

Date posted October 30 2017

Overview

Rapid technological developments and globalization have brought new challenges for the protection of personal data. To address this, the European Union (EU) entered into force the General Data Protection Regulation (GDPR) on May 25, 2016, replacing the European Data Protection Directive (95/46/EC). GDPR enforcement comes into effect on May 25, 2018. This new law will impose consistency across the EU and more regulatory and citizen control over personal data. Affected organizations now have less than two years to enact policies, procedures and technologies to comply with the GDPR. The penalty for non-compliance is steep, €20M or 4% of annual revenue, whichever is greater.

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